$ECOX / WRA Holdings Merger Overview - Updated December 6,

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$ECOX / WRA Holdings Merger Overview - Updated December 6, 2025

New CEO: Richard C Hawkins wef April 2, 2025

Intent To Merge With With WRA Holdings, Inc.

Initial Detail - 1st PR [source: PR dated November 7, 2025]

- Intent is to pursue a share-exchange merger under which WRA's operating business will merge into $ECOX.

- This will align WRA's expansive infrastructure and environmental redevelopment projects in Costa Rica with $ECOX's public-company framework and governance standards.

- WRA's master plan includes:

-- A national railway and logistics corridor connecting Costa Rica's northern and Caribbean regions.

-- A new international airport.

-- Waste-to-energy facilities.

-- Water purification and coastal restoration programs.

-- Regional medical infrastructure.

- Together, these initiatives are designed to modernize transportation, strengthen trade efficiency, and generate sustainable economic growth across the Caribbean Gateway region.

- Initial development phase - 2 major projects - around $800M in planned infrastructure investment.

- An estimated $3B in projected gross revenues during the first 5 years of operation.

- Includes these 2 integral components of Costa Rica's broader $3.8B to $5B national rail and environmental redevelopment program:

-- Waste-to-energy facility in Abangares.

-- 50% interest in the Pacífico Railway Line.

- Comments by CEO of $ECOX:

-- "This merger marks an important new chapter for Eco Innovation Group"

-- "WRA's vision represents a significant leap forward for Costa Rica's connectivity, energy resilience, and community development."

-- It's exciting to watch $ECOX enter this next phase of growth as we help enable WRA to realize its transformative infrastructure goals."

- Comments by CEO of WRA Holdings, Inc:

-- "Taking WRA public is a pivotal moment in our journey."

-- "It opens the door to broader partnerships, international investment, and the transparency needed to advance our national infrastructure mission."

-- "This step brings us closer to delivering lasting value for Costa Rica and its people."

- Name and ticker change anticipated upon completion of definitive agreements and required approvals.

- Positive response from Instituto Costarricense de Ferrocarriles [INCOFER], Costa Rica's national rail authority, on November 13, 2025 regarding WRA's ongoing efforts to advance the National Railway Master Plan for the Republic of Costa Rica.

- In the coming weeks, WRA and INCOFER will coordinate a formal meeting to discuss the Master Plan in detail and to explore potential pathways for collaboration models. [source: PR dated November 13, 2025]

Detailed Plans for Infrastructure Building in Costa Rica

Additional detail given in PR dated November 10

https://www.accessnewswire.com/newsroom/en/bu...co-1100003

Visioning Package

https://drive.google.com/file/d/1O1ecFP33pwJ1...OYPN4/view

Costa Rican Media Articles

Tico Island - September 2, 2025

"Limón’s Transformation Underway with Massive Infrastructure Investment"

https://ticosland.com/limons-transformation-u...e_vignette

Tico Times - November 11, 2025

"Group Unveils Vision to Upgrade Limón Costa Rica"

https://ticotimes.net/2025/11/11/costa-ricas-...ups-vision

2025 Q3 filed November 11, 2025

Confirmed the Anticipated Merger.

Current Tier: OTCID

Share Structure - Updated December 5, 2025:

Transfer Agent Verified

Usually updated week after close Friday - view Saturday

Authorized Shares: 12,000,000,000

Outstanding Shares: 7,021,124,405 [up 200M]

Restricted: 283,572,035 [no change]

Unrestricted: 6,737,552,370 [up 200M]

Held At DTC: 6,726,343,050 [up 200M]

Note 1: It is only the Held At DTC Shares count that is relevant to current trading provided it is updated at the same time as the Unrestricted Outstanding Shares count.

Note 2: Relatively low Held At DTC Shares count - only 6.7B - for a stock in the .0002 > .1 range.

Note 3: During the period of the increase November 8 > November 14, $ECOX traded 5.90B. The Held At DTC figure increase as a portion of the shares traded was 24.7% - exactly the same % as the increase in total Outstanding Shares.

Note 4: During the period of the increase November 15 > November 21, $ECOX traded 1.48B.

Note 5: During the period November 22 > November 28, there was no increase to the Outstanding Shares - the balance of 200M of the previous week's increase was traded in the DTC.

Note 6: During the period November 29 > December 5, the Outstanding Shares, Unrestricted Outstanding Shares and Held At DTC Shares count only increased by 200M when total shares traded was 1.39B - so only 14.3% - down from 24.7% dilution rate in Week 1.

Note 7: Convertible notes payable as at September 30, 2025 were < $600K - has declined continually since to date - manageable compared to other OTC issuers - company intends to fully settle balance upon completion of the merger with WRA Holdings if not sooner. [source: PR November 12, 2025]

Note 8: No new debt financing in over 3 years and company does not intend to pursue dilutive financing arrangements going forward. [source: PR November 12, 2025]

Note 9: Company is currently in negotiations with the Preferred C holder to settle their remaining balance of ~$32,500 as of November 12, 2025. High levels of dilution November 7-12 were due to this class of debt. [source: PR November 12, 2025]

Note 10: Company remains committed to resolving this balance and has committed funding in place to settle this. The Company's efforts are focused exclusively on negotiating favorable settlements with remaining legacy creditors to eliminate these obligations and strengthen the Company's capital structure in preparation for the proposed merger. [source: PR November 12, 2025]

Note 11: Company has retired a significant portion of a preferred stock position that had previously been associated with high levels of potential dilution. No new securities were issued in connection with this retirement. [source: PR November 13, 2025]

2025 PRs

News - July 10. Eco Innovation Group Provides Company Update Highlighting Strategic Advisory Division.

https://www.otcmarkets.com/stock/ECOX/news/Ec...?id=485423

News - November 7. Eco Innovation Group Announces Letter of Intent to Merge with WRA Holdings, Inc., Advancing Costa Rica Infrastructure and Environmental Redevelopment Initiatives.

https://www.otcmarkets.com/stock/ECOX/news/Ec...?id=499207

News - November 10 - After Close. Eco Innovation Group and WRA Holdings Share Detailed Plan for Costa Rica Redevelopment

https://www.accessnewswire.com/newsroom/en/bu...co-1100003

News - November 12. WRA Holdings to present the National Railway Master Plan for the Republic of Costa Rica on Wednesday for government review and approval

https://www.otcmarkets.com/stock/ECOX/news/Ec...?id=499664

News - November 13. Eco Innovation Group and WRA Holdings Report Positive Response from INCOFER on Costa Rica National Railway Master Plan.

https://www.otcmarkets.com/stock/ECOX/news/Ec...?id=499889

2025 Price Moves

Moved from .0001 > .0002 on April 29 - 100%

Moved from .0001 > .0002 on April 30 - 100%

Moved from .0001 > .0002 on May 1 - 100%

Moved from .0001 > .0002 on July 10 - 100%

Moved from .0001 > .0002 on July 11 - 100%

Moved from .0001 [previous close] > .0004 on November 7 - 300%

Moved from .0003 > .0007 on November 10 - 133%

Moved from .0004 [previous close] > .0009 on November 11 - 125%

Trading from .0002 > .0003 on November 12 - 50%

Trading from .0003 > .0004 on November 13 - 33%

Trading from .0002 > .0003 on November 14 - 50%

Trading from .0002 > .0003 on November 17 - 50%

Trading from .0002 > .0003 on November 18 - 50%

Trading from .0002 > .0003 on November 19 - 50%

Trading from .0002 > .0003 on November 20 - 50%

Trading from .0002 > .0003 on November 21 - 50%

Trading from .0002 > .0003 on December 1 - 50%

Trading from .0002 > .0003 on December 2 - 50%

Trading from .0002 > .0003 on December 3 - 50%

Trading from .0002 > .0003 on December 4 - 50%

Trading from .0002 > .0003 on December 5 - 50%

Recent Trading / Trading Outlook

$ECOX has given an excellent return on a regular basis for anyone who watches continuously, is patient and who always has some shares that can be traded in any range it runs to on surges - even if they just jump in on the ask on serious move days.

With only 6.7 Billion shares Held At The DTC, a new CEO and PRs starting on November 7, 2025 for the merger and large infrastructure project in Costa Rica, we can expect continued trading action and large surges for the foreseeable future.

The PR dated November 7, 2025 - which announced a reverse merger with a company that could do $3B in revenue with the first 5 years - would clearly put the pps much higher than the recent high of .0009 achieved on November 11, 2025.

The current Held At DTC shares count of only 6.7B is not high by current OTC standards. For instance, some other OTC tickers are diluting 500M > 2.6 Billion every day - eg $HMBL - another of the highest trade volume stocks - has an A/S of 85 Billion - up 35 Billion in a single day in June - and a Held At DTC figure of 44.6 Billion - and ran to .0046 from .0001.

Every 1M bought at .0003 whilst still available is worth a profit of $9.7K - $97K per 10M - at .01 - or $19.7K - $197K per 10M at .02.

The difference in profit levels even at .0050 - let alone .01 or .02 - is insignificant between lots bought at .0002 or .0003 - especially for those wanting to guarantee getting at least 20M > 100M.

Ahead, we should see the pps go past the recent high of .0009 easily as updates on the debt reduction, merger, name change, ticker change and the progress of Costa Rican infrastructure projects continue to flow over the coming days, weeks and months.

Not a financial advisor - just stating what I'm basing my trading decisions on.

I will be holding some $ECOX in my portfolio throughout 2025 and into 2026 for long-term growth, trading some on surges from the bottom up too and reloading on any dips.

American EcoFuels Inc (AEFI) Stock Research Links

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A very apposite motto for those who trade successfully in the OTC market..

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