ILUS Signs Letter of Intent to Acquire a British Manufacturer of Autonomous Vehicles While Completing its Next Phase of Restructuring for Anticipated Growth
ILUSTRATO PICTURES INTL (ILUS)
NASDAQ:AMEX Investor Relations:
investorshub.advfn.com/ilustrato-pictures-international-inc-ilus-25587
Company Research
Source: GlobeNewswire
NEW YORK, NY, Feb. 20, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire - ILUS International Inc. (OTC: ILUS) is a Mergers and Acquisitions company focused on acquiring and growing companies in the public safety, industrial, defense and renewable sectors. On February 16, 2024, the Company signed a letter of intent with a British company which has manufacturing and assembly facilities in the United Arab Emirates from which it manufactures and supplies autonomous vehicles as well as defense and public safety solutions. The definitive agreement is expected to be signed in the first quarter of 2024 and is currently intended to be structured as an equity deal of $3,000,000 with a mutually agreed leak out agreement which is expected to come into effect sometime after the intended in-progress business combination agreement with a NASDAQ company is effective. The acquisition target is an integrated technology company that designs, develops, and manufactures advanced solutions utilizing propri
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Sec Filings
- 5/1/24 - Form 10-K
- 4/1/24 - Form NT
- 3/4/24 - Form DEF
- ILUS's page on the SEC website