Innovative Holdings Alliance, Inc. (OTCPK:IHAI) executed a non-binding Letter of Intent to acquire the Assets of Premergy, Inc on December 11, 2023. Innovative Holdings Alliance, Inc. entered into an asset purchase agreement to acquire the Assets of Premergy, Inc on December 30, 2023. Under the terms of the Letter of Intent, the Company will purchase all of the assets of Premergy, including its patents, in exchange for shares of the Company's Common Stock, and the assumption of certain liabilities of Premergy.

Pending the completion of remaining due diligence by both parties, the closing of the Acquisition is expected to occur before the end of 2023.