Affluence Corp Affluence Corporation Executes Letter of Intent to Acquire Triar Commerce LLC
Summary
Affluence Corporation executed a Letter of Intent to acquire 100% of Triar Commerce LLC, with the proposed consideration including cash, preferred equity, and performance-based earnouts. The transaction remains subject to due diligence, negotiation of definitive agreements, board approval, and the company’s ability to secure adequate financing. Management estimates that, if this acquisition and other strategic initiatives close, Affluence could reach about $220 million in pro forma annualized revenue and roughly $5 million in pro forma EBITDA, though those figures are internal and uncertain. The company cited synergies between Triar’s telecom capabilities and its IoT and smart infrastructure platforms and said recent corporate actions (including a reverse stock split and debt negotiations) may create a more viable path to pursue acquisitions.