OMID Holdings, Inc. entered into a stock purchase agreement to acquire AV1 Group, Inc. (OTCPK:AVOP) in a reverse merger transaction on May 30, 2019. The acquisition involves issuance of 200 million shares of AV1 Group, Inc. to OMID Holdings, Inc. and spinout of three subsidiaries of AV1 Group, Inc. to its Officers and Directors in exchange for assumption of all liabilities existing prior to closing of the transaction. The deal is expected to be completed during the end of November 2019.