McCusker Holding Corp. entered into a letter of intent to acquire Oceanic Research & Recovery, Inc. (OTCPK:ORRV) in a reverse merger transaction on January 5, 2017. McCusker Holding Corp. entered into a definitive agreement to acquire Oceanic Research & Recovery, Inc. (OTCPK:ORRV) in a reverse merger transaction on February 17, 2017. Post transaction, McCusker Holding shareholders will own approximately 95% of the total issued and outstanding common stock of the combined entity. The merged company will assume the name "McCusker Holding Corporation." Will McCusker, Chief Executive Officer and founder of McCusker Holding, will be named as Chief Executive Officer of Oceanic Research & Recovery. The letter of intent is subject to customary closing conditions, including the execution of a definitive merger agreement and regulatory approval. The transaction is also subject to shareholders approval. McCusker Holding and Oceanic Research have sixty days to negotiate and consummate a definitive agreement. Deal is expected to close before March 31, 2017.