Hawkeye Systems, Inc. (OTCPK:HWKE) entered into a letter of intent to acquire 51% interest in IKON Supplies on December 16, 2020. Upon completion of the acquisition, Hawkeye will acquire a 51% interest of all equity of Ikon Supplies LLC and an option to purchase the remaining 49% interest. This LOI is non-binding and subject to a definitive agreement, which will be negotiated in good faith in the next 30 days. As of February 24, 2021, definitive agreement is expected to be signed in the next seven days. The transaction is expected to close on March 1, 2021.