Accredited Solutions, Inc. (OTC: ASII) has taken a significant step towards expanding its market presence by signing a Letter of Intent (LOI) with Everest Consolidator Acquisition Corporation (EVCO) for a merger that will facilitate its listing on the Nasdaq exchange. This strategic move is poised to allow ASII shareholders to own approximately 70% of the combined entity, a notable achievement that does not necessitate a reverse stock split. The timing of this merger is particularly noteworthy, as it occurs during a period of transformation within the Special Purpose Acquisition Company (SPAC) market, where the search for viable merger partners has become increasingly challenging.
The merger between Accredited Solutions and EVCO is expected to bring about a host of benefits for the former, including heightened visibility, greater credibility among investors, and improved access to institutional capital. Eduardo Brito, CEO of Accredited Solutions, has underscored these advantages, pointing out how they could enable the company to secure more affordable capital and expedite its acquisition strategy. The proposed transaction involves EVCO acquiring 100% of ASII through a share exchange, with both parties aiming to finalize a definitive merger agreement within the next 30 days. The closing of the deal, targeted within 150 days, is subject to the fulfillment of customary approvals and conditions.
As a holding company with a focus on the technology sector, Accredited Solutions is committed to the acquisition and growth of businesses operating in fintech, blockchain, and digital assets. The merger with EVCO is seen as a pivotal moment in the company's strategic growth plan, offering a pathway to broader market opportunities and enhanced shareholder value. For more information on Accredited Solutions, Inc., visit https://www.accreditedsolutions.com.
