GoLogiq, Inc. entered into a mutual non-binding letter of intent to acquire 51% stake in CPG Research & Advisory for $15 million.

GoLogiq, Inc. (OTCPK:GOLQ) entered into a mutual non-binding letter of intent to acquire 51% stake in CPG Research & Advisory for $15 million on March 15, 2023. GoLogiq will acquire 51% of CPG in an all-stock transaction. GoLogiq would issue common shares to CPG shareholders valued at $15 million.

The transaction is subject to a definitive agreement has yet to be signed and no assurances can be given it will be executed or the transaction will be completed as described and expected to close in the second quarter of 2023.