Global Technologies Ltd., a company that focuses on acquiring and redeveloping distressed companies, has agreed to acquire GOe3 LLC, an EV charging station manufacturer, for an undisclosed sum, according to a press release.

GOe3 will conduct business as a Global Technologies wholly-owned subsidiary. The transaction will be structured as a share-for-share exchange, with the company's shareholders retaining 30% and GOe3 receiving 70%.

Bruce Brimacombe will be named president and join its board of directors.

GOe3 plans to build and operate a network of EV charging stations within 45 to 75 miles of selected interstate highways across the U.S.

The transaction is expected to close in the first quarter of 2024 and will be considered a reverse merger because the members of GOe3 will own more than a majority of the outstanding common stock.

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