Tevano Systems Holdings Inc. (CNSX:TEVO) signed a non-binding letter of intent to acquire Aqua-Eo Ltd. for approximately CAD 2.6 million on February 22, 2023. Tevano Systems Holdings Inc. entered into an amalgamation agreement on April 5, 2023. Under the terms of the LOI, Tevano will acquire 100% of Aqua-Eo which will operate as a wholly owned subsidiary of Tevano. To complete the Transaction, Tevano has agreed to issue 18,995,000 common shares at a deemed price of CAD 0.06 per share and the aggregate value of the Transaction Shares is CAD 1,139,700 to the existing shareholders of Aqua-Eo. The transaction is expected to close on or before June 30, 2023.

Tevano Systems Holdings Inc. (CNSX:TEVO) completed the acquisition of Aqua-Eo Ltd. on April 25, 2023.