BlueFire Equipment Corp (BLFR) Executes a Combination Agreement with Ram Cap, LLC. Obtaining a $30 Million Line of Credit and 10 Cash Deposit Secured LOIs Valued at Approximately $209 Mill...
BLUEFIRE EQUIPMENT CORP (BLFR)
NASDAQ:AMEX Investor Relations:
bfreinc.com/investor-center
Company Research
Source: Yahoo! Finance
acquisitions, today announces the execution of a Combination Agreement with Ram Cap, LLC. ("Ram Cap"). The agreement entails the contribution of a $30 million line of credit and 10 LOIs secured with cash deposits in escrow with the LOIs valued at approximately $209 million. These assets are slated to be merged within 2024, commencing in Q2. The Transaction Through an all-stock transaction, Ram Cap's CEO, Dr. D. Rene Ramirez, executed a Combination Agreement with BlueFire Equipment Corp. (BLFR), contributing necessary capital and transferring select assets to BLFR in exchange for the issuance of 54,000,000 shares of series A preferred stock. As part of the transaction, Rene succeeds Kirk Yariger as Chairman of the Board, leading the Board of Directors, which includes Rene, T. Dan Powers, and Nickolas S. Tabraue. They plan to expand the board to seven members as the company progresses. Kirk transitions from Chairman of the Board to focus on managing Screaming Eagle Partners, LLC. ("
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- BlueFire Equipment Corp (BLFR) Executes Company Restructure to Optimize Current Operations and Facilitate Planned Acquisitions within 2024 to Become a Full Energy Holding Brand [Yahoo! Finance]Yahoo! Finance
- BlueFire Equipment Corp (BLFR) Executes Company Restructure to Optimize Current Operations and Facilitate Planned Acquisitions within 2024 to Become a Full Energy Holding BrandAccesswire
- BlueFire Equipment Corp (BLFR) Executes a Combination Agreement with Ram Cap, LLC. Obtaining a $30 Million Line of Credit and 10 Cash Deposit Secured LOIs Valued at Approximately $209 Million to be Merged within 2024 Starting in Q2Accesswire