AEPT - Shares Rip on Reverse Merger LOI
2023-10-23 11:38:46 ET
Energy firms dominated the news Monday morning and this company was no exception, seeing triple-digit gains in its share price. %AmericanEnergyPartners (PINK: ) announced in a press release today the signing of a Letter of Intent to be acquired by %SCWorx () and will be known as American Environmental Partners, Inc. on October 30, 2023, pending regulatory approval.
The LOI sets forth the proposed terms and conditions pursuant to which SCWorx and American Environmental intend to implement the business combination, as a result of which American Environmental and SCWorx’s healthcare data management business will each be conducted through wholly-owned subsidiaries of SCWorx.
Shares were trading up at $0.65 in morning trade.
About AllPennyStocks.com Media Inc.:
AllPennyStocks.com Media, Inc., founded in 1999, is one of North America’s largest and most comprehensive small-cap / penny stock financial portals. With Canadian and U.S. focused penny stock features and content, the site offers information for novice investors to expert traders.