Clone Algo Technologies Inc. (OTCPK:CATI) entered into a definitive merger agreement to acquire ECO Integrated Technologies, Inc. on September 12, 2022. The transaction is subject to stockholder approval and the satisfaction of certain other customary closing conditions, including the filing and declaration of effectiveness of a Registration Statement on Form S-4 registering the shares of Clone Algo's common stock issuable to the shareholders of ECO Integrated. The transaction was approved by each of the Board of Directors of Clone Algo and ECO Integrated.

The Merger is expected to be consummated by the second quarter of 2023.