Starfleet Innotech, Inc. (OTCPK:SFIO) agreed to acquire 60% stake in H. A. Duldulao & Co., Inc. on July 2, 2024. As per the transaction, the initial 30% stake will be purchased for $6 million, funded through the issuance of 6 million preferred B shares, convertible into 60 million common shares at $0.10 per share. The remaining 30% stake will be acquired upon receipt of the funding investment.

The transaction is expected to close by the end of July 2024, subject to customary closing conditions and regulatory approvals.