Extreme Vehicle Battery Technologies Acquires CryptoPlug Technologies Inc.

October 20, 2021

Extreme Vehicle Battery Technologies Corp. (EV Battery Tech) entered into a share exchange agreement to acquire CryptoPlug Technologies Inc., a developer of a blockchain-based, crypto-compatible smartphone application for EV charging payments. As consideration, EV Battery Tech will issue 24 million common shares (at $0.25 per share) to CryptoPlug shareholders for a deemed transaction valuation of $6.0 million; the acquisition is intended to accelerate integration of CryptoPlug features into EV Battery Tech's Smart Command application.

Buyers
Extreme Vehicle Battery Technologies Corp. (EV Battery Tech)
Targets
CryptoPlug Technologies Inc.
Sellers
Shareholders of CryptoPlug Technologies Inc.
Industry
Software
Transaction Type
Buyout

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