Tekumo LLC acquired Balincan USA, Inc. in a reverse merger transaction.
September 09, 2022
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Tekumo LLC acquired Balincan USA, Inc. (OTCPK:BCNN) in a reverse merger transaction on June 14, 2022. As per the terms, to effectuate the reverse merger, consideration of 53,318,141 shares of the CompanyÆs common stock were retained. This is inclusive of the prior Series A Preferred Stock and Series C Preferred Stock along with the $375,000 of unsecured Notes being converted into common stock. At execution of the Contribution Agreement, the three principal members of Tekumo assumed the following positions: Strings Kozisek, Director and Chief Executive Officer; Phillip Dignan, Director and Chief Financial Officer; Christopher Nichols, Director and Chief Strategy Officer. Mr. Zi Chin (Paul) Lu resigned as Director and Interim Manager.
Tekumo LLC acquired Balincan USA, Inc. (OTCPK:BCNN) in a reverse merger transaction on June 14, 2022.
Tekumo, Inc., formerly Balincan USA, Inc., is an alternative reporting company that operates through its subsidiary, Tekumo LLC (Tekumo). Tekumo is a service delivery platform that is engaged in installing, monitoring, and maintaining technology systems and smart connected devices. Tekumo's three product offerings are TekumoPRO, TekumoIOT and TekumoIQ. TekumoPRO is a platform that connects enterprises, retailers, and original equipment manufacturers with local skilled resources to install and maintain technology systems. TekumoIOT delivers a service chain for smart connected devices. It installs, monitors and manages sensors, devices gateways, hubs, and data for multiple verticals, such as multiple dwelling units, quick service restaurants, assisted living, retail, hospitality, utilities, insurance, and healthcare. TekumoIQ provides risk management and process management data from all connected assets, accessible through its dashboards or directly delivered into any end-user ecosystem.
TEKUMO, INC. 
