Hypercharge Networks expands its EV charging footprint by acquiring REVS Charging LLC in an all-stock transaction involving 18 million shares.
Hypercharge completed the acquisition of REVS Charging by issuing 18 million shares, but no financial terms were disclosed, so the market impact is neutral.
REVS Charging LLC is the acquired private company; no financial details were disclosed, so the impact is limited.
Hypercharge Networks Corp. has finalized its acquisition of REVS Charging LLC after receiving TSX Venture Exchange approval. The company issued 18 million common shares to facilitate the deal, with the equity subject to a six-month voluntary lockup period.
Hypercharge acquired REVS Charging by issuing 18 million common shares to the seller, with no additional financial terms disclosed.