EdgeTI Announces Three-Cornered Merger with BlockX and Private Placement
Summary
Arlington, Virginia--(Newsfile Corp. - August 2, 2024) - Edge Total Intelligence Inc. (TSXV: CTRL) (OTCQB: UNFYF) (FSE: Q5i) (the "Company", "edgeTI") is pleased to announce that it has entered into a merger agreement dated August 2, 2024 (the "Merger Agreement"), with an arms length party to the Company, Block X Capital Corp. ("BlockX"), which is a wholly owned subsidiary of Victory Square Technologies Inc. (CSE: VST). The calculated price is reduced based on increased maturity risk as a result of little sustaining engineering since its acquisition by Victory Square Technologies Inc. and no offsetting revenues. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/10266/218755_1355a547a4a839b2_001full.jpg A fee of $85,000 will be paid in connection with the Transaction to a finder of the Company, which will be paid through the issuance of SVSs at the deemed issuance price of the Market Price (as defined in the policies of the TSX Venture Exchange ("TSXV") of the SVSs as of this date). Global enterprises, service providers, and governments are more profitable when insight and action are united to deliver fluid journeys via the platforms low-code development capability and composable operations. With edgeCore, customers can improve their margins and agility by rapidly transforming siloed systems and data across continuously evolving situations in business, technology, and cross-domain operations - helping them achieve the impossible.