I-ON Digital Corp. completed the acquisition of Orebits Acquisition Group, LLC.
I-ON Digital Corp. entered into a Contribution and Exchange Agreement with Orebits Acquisition Group on October 30, 2023, a Wyoming limited liability company (?OAG?), pursuant to which the Company will acquire 910,000 shares of currently outstanding common stock of Orebits Corp. (?Orebits?), representing a controlling interest in Orebits, in exchange for 910,000 shares of Series C Preferred Stock of the Company. The Company currently anticipates that the transaction, subject to closing conditions, will close effective with the end of the fourth quarter of 2023.
I-ON Digital Corp. (OTCPK:IONI) completed the acquisition of Orebits Acquisition Group, LLC on December 15, 2023.