iQ International AG (DB:IQL) entered into definitive Share Exchange Agreements to acquire TerraScale Inc. on May 11, 2021. Combined company to be named TerraScale AG and to be headquartered in Zug, Switzerland. The transaction is subject to joint shareholder approval. Following the consummation of the transaction and pending shareholder approval, the new company will be under the leadership of TerraScale's co-founder Danny Hayes as CEO and retired Lieutenant General Michael Barbero as Chairman. It is planned that iQ's current CEO, Kevin T. Loman, will continue to hold an executive position and its current Executive Chairman George M. Weiss, will remain on the board until when General Barbero is expected to become Board Chairman and Mr. Weiss will act as a senior advisor to the board and management of the new company. Under the terms of the agreement, which has been unanimously approved by both companies' Boards of Directors, the share ownership of the company on a fully diluted basis will be 49% TerraScale shareholders, 51% iQ shareholders. The company will continue to be traded at the General Standard of the German stock exchange in Frankfurt/Germany. The post-amalgamation business plan is accessible on TerraScale's website.