Solar Integrated Roofing Corporation (OTCPK:SIRC) signed a binding letter of intent to acquire Cornerstone Construction, LLC from K. Hunter Ballew for $62.4 million on February 16, 2021. A stock purchase agreement was signed between the parties on February 24, 2021. Under the terms of the transaction, Solar Integrated transferred $3 million in cash as well as issued 45 million shares of common stock. Cornerstone Construction reported sales of over $15 million in 2020. Hunter Ballew, Founder and Chief Executive Officer of Cornerstone Construction will work with David Massey, Chief Executive Officer of Solar Integrated Roofing Corporation and his team. Jeff Turner of JDT-Legal, PLLC acted as legal advisor to Solar Integrated Roofing Corporation.