Carbon-ion Energy, Inc. entered into a binding letter of intent to acquire Corporate Universe, Inc. in a reverse merger transaction on December 10, 2020. Carbon-ion Energy, Inc. entered into a share exchange agreement to acquire Corporate Universe, Inc. (OTCPK:COUV) in a reverse merger transaction on April 13, 2021. As consideration for the Exchange, the shareholders of Carbon-Ion (the “Shareholders”) exchanged an aggregate of 100,000,000 shares of common stock of Carbon-Ion, constituting all shares of capital stock of Carbon-Ion issued and outstanding (the “Carbon-Ion Shares”) for an aggregate of 100,000,000 shares of Corporate Universe, Inc. and 100,000 shares of the Company's series D preferred stock (the “Series D Preferred Stock”). Each shares of our Series D Preferred Stock is convertible into Common Stock at a ratio of 12,937.5 shares of Common Stock for each share of Series D Preferred Stock held. Pursuant to the terms of the Share Exchange Agreement between COUV and Carbon Ion, COUV anticipates a change in control upon the Closing of the Acquisition, which includes the appointment of Andrew Sispoidis to the Company's Board of Directors and the Company's Chief Executive Officer.

Carbon-ion Energy, Inc. completed the acquisition of Corporate Universe, Inc. (OTCPK:COUV) in a reverse merger transaction November 12, 2021.