SIM Acquisition to Merge With American Industrial Technologies in All-Stock Deal
SIM Acquisition has entered into a binding letter of intent to merge with American Industrial Technologies (AIT) in an all-stock deal. SIM will issue approximately 50,000,000 common shares to AIT equity holders.
SIM Acquisition has entered into a binding letter of intent to merge American Industrial Technologies with a newly formed SIM subsidiary, with AIT to survive as part of the combined company. At closing, SIM will issue approximately 50,000,000 common shares to AIT equity holders and will adopt an employee stock…