TGI Solar Power Group ( OTCPK:TSPG ) announced business combination with Shelly North Carolina.
Shelly AI solutions empower companies to be more responsive, agile, and engaging with their customers, while dominating their markets and surpassing revenue projections.
The two companies will look to finalize the deal as soon as the requisite due diligence reviews have been completed, as part of combination strategy Mr. Val will resign as TGI's CEO and Mr. Philippe Machuel, CEO of Shelly, will take over position of CEO of TGI as well as joins the Board of Directors.
Samuel Epstein, COO of TGI commented: "The synergy created by this merger integrating creativity and technological brilliance will potentially produce explosive earnings and value creation to TGI".
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TSPG surges 42% on acquisition of Shelly North Carolina