APPlife Digital Solutions Enters Agreement for Reverse Merger
Deal News | Nov 07, 2024 | EIN
APPlife Digital Solutions, Inc., a company specialized in e-commerce and cloud-based solutions, announced the signing of a binding Letter of Intent (LOI) with Silver Bear Sports Entertainment and Gaming. This agreement involves a reverse merger transaction where APPlife will acquire real estate assets valued at approximately $150 million. Silver Bear's existing real estate portfolio primarily focuses on expanding globally through acquiring and developing hotel properties. The completion of the transaction is anticipated in the first quarter of 2025, contingent upon due diligence and execution of definitive documents. APPlife brings its expertise in providing efficient solutions that enhance productivity, covering diverse market needs. The release also notes several forward-looking statements, highlighting potential risks and uncertainties inherent in the transaction.
Sectors
- Real Estate
- Technology
- Hospitality
Geography
- United States – APPlife Digital Solutions is based in San Francisco, California.
- China – APPlife Digital Solutions has an office in Shanghai, China.
Industry
- Real Estate – The article pertains to a major acquisition of real estate assets valued at $150 million, indicating this as a key industry.
- Technology – APPlife Digital Solutions is involved in e-commerce and cloud-based technological services, positioning this as a relevant industry.
- Hospitality – Silver Bear's plan to expand into global hotel properties highlights the hospitality sector.
Financials
- $150 million – Value of the real estate assets acquired by APPlife in the reverse merger.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| APPlife Digital Solutions, Inc. | Acquiring Company | Company | A business incubator and portfolio manager focused on e-commerce and cloud-based solutions. |
| Silver Bear Sports Entertainment and Gaming | Target Company | Company | Holds an existing real estate portfolio valued at $150 million, focusing on hotel property expansion. |