Plandai SA agreed to acquire ProText Mobility, Inc. (OTCPK:TXTM) in a reverse merger transaction on December 23, 2016. Closing of the transaction is expected to occur on or around January 2, 2017. Under the terms of the Share Exchange, the shareholders of Plandaí SA received 100,000 shares of ProText Series D Preferred Stock in exchange for 100% of the issued and outstanding capital of Plandaí SA. On December 31, 2016, the company accepted the resignation of David Lewis as Interim Chief Executive Officer. Lewis remains on the Board of Directors. Plandai SA completed the acquisition of ProText Mobility, Inc. (OTCPK:TXTM) in a reverse merger transaction on December 31, 2016.