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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