A1 Group Acquires AICPG [Yahoo! Finance]
A-1 GROUP INC (AWON)
NASDAQ:AMEX Investor Relations:
a1.group/en/investor-relations
Company Research
Source: Yahoo! Finance
acquisition of AICPG, LLC, a Nevada Limited Liability Company ("AICPG"), as well as a change of control transaction. The closing documents set forth the material terms and conditions of both the acquisition of AICPG as well as the change of control transaction previously announced this month as a letter of intent. Under the terms of the Share Exchange Agreement ("SEA"), the Company will be issuing 740,000,000 shares of Common Stock in exchange for all the membership units of AICPG outstanding, making AICPG a wholly owned subsidiary of the Company. In a related party transaction, pursuant to a Share Purchase Agreement ("SPA"), Ruben Padilla purchased all the issued and outstanding voting control shares of the Company from Lloyd Preston Jr. which are 6,000,000 shares of the Series "A" Preferred Stock and 1,000,000 shares of the Series "B" Preferred Stock. As part of the change of control transaction (e.g., execution of the SEA and SPA), Lloyd Preston Jr. resigned all his positions w
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News
- A1 Bank completes digital transformation journey with Synpulse and Avaloq [Yahoo! Finance]Yahoo! Finance
- A1 Group acquires AICPG, names Ruben Padilla as new CEO [Seeking Alpha]Seeking Alpha
- A1 Group Acquires AICPGPR Newswire
- A1 Group Announces Letter of Intent [Yahoo! Finance]Yahoo! Finance
- A1 Group Appoints Ruben Padilla as Head, Embarking on a New Era of Leadership [Yahoo! Finance]Yahoo! Finance