Favo Realty Inc. (OTCPK:FAVO) entered into an agreement to acquire RLT Atwood International Ltd. for $0.53 million on April 6, 2019. The transaction will be a stock swap transaction. FAVO will issue a maximum of 6 new shares. Following the closing, RLT Atwood International Ltd. will be reband under the name "FAVO Blockchian Inc.". Shaun Quin, Chief Executive Officer of RLT Atwood will join the FAVO Group, LLC as President. The transaction is subject to shareholder approval of Favo Realty and RLT Atwood, regulatory review and other customary conditions. As of May 29, 2019, shareholder of RLT Atwood International Ltd. approved the transaction. The transaction is expected to close within 30 days. As of May 29, 2019, the transaction is expected to close within 10 days. McMurdo Law Group, LLC acted as legal advisor to Favo Realty Inc.