NEW YORK, May perhaps 26, 2023 (GLOBE NEWSWIRE) — Wave Sync Corp. (the “Corporation” or “Wave”) (OTC: Techniques), now announced that it has entered into a letter of intent (the “LOI”) with Aiways Pacific Asia Inc., a target enterprise (the “Target Company”), for a possible small business mixture (the “Acquisition”). The LOI is not a binding agreement, and it outlines the intent and preliminary terms of the Acquisition.
Pursuant to the terms and situations of the LOI, Wave and the Target Corporation intend to enter into a definitive agreement pursuant to which Wave and the Target Corporation would combine. As a situation to the Target Corporation closing the Acquisition, the then Board of Directors and executive officers of the Corporation will appoint new members of the Board of Directors and new executive officers to replace them, as designated in writing by the Target Corporation, and resign simultaneously.
The completion of the Acquisition is topic to customary situations, such as the completion of due diligence to every single of the Wave and the Target Company’s satisfaction, the negotiation of a definitive agreement giving for the transaction, satisfaction of the situations negotiated therein and approval of the transaction by the board and stockholders of each Wave and the Target Corporation, and satisfaction of the other situations contained therein.
Accordingly, no assurances can be created by either celebration that the parties will effectively negotiate and enter into a definitive agreement, or that the proposed transaction will be consummated on the terms or timeframe presently contemplated, or at all.
Participants in the Solicitation
Wave and its directors and executive officers may possibly be viewed as participants in the solicitation of proxies with respect to the proposed transaction described herein beneath the guidelines of the SEC.
No Provide or Solicitation
This release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of any small business mixture. This release shall not constitute an provide to sell or the solicitation of an provide to purchase any securities, nor shall there be any sale of securities in any states or jurisdictions in which such provide, solicitation, or sale would be unlawful prior to registration or qualification beneath the securities laws of any such jurisdiction. No providing of securities shall be created except by suggests of a prospectus meeting the needs of Section ten of the Securities Act of 1933, as amended, or an exemption therefrom.
About Wave Sync Corp.
Wave Sync Corp. is a Delaware corporation, mostly engaged in industrial and industrial genuine estate small business via its subsidiaries.
This press release involves forward-searching statements that involve dangers and uncertainties. Forward-searching statements are statements that are not historical details. Such forward-searching statements, like the search for an initial small business mixture, are topic to dangers and uncertainties, which could trigger actual benefits to differ from the forward-searching statements. Forward-searching statements are topic to various situations, a lot of of which are beyond the handle of the Corporation. The Corporation expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-searching statements contained herein to reflect any transform in the Company’s expectations with respect thereto or any transform in events, situations or situations on which any statement is primarily based, except as may possibly be expected by law.
Corporation Make contact with:
Wave Sync Corp.
Phone: +1(347) 205-3126
Investor and Media Make contact with:
International Elite Capital Inc.
Phone: +1(646) 866-7989
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