PeakBirch Logic Inc. completed the acquisition of Greenlite Crowdfunding Corp. for CAD 0.409 million.
As of February 22, 2022 PeakBirch Logic Inc. (CNSX:PKB) announced that it will consolidate all of its issued and outstanding common shares on the basis of 1 post-consolidation Common Share for every 3.3 pre-consolidation Common Shares. Concurrently with the Consolidation, it will file a notice of alteration to change its name from "PeakBirch Logic Inc." to "PeakBirch Commerce Inc." The Consolidation and Name Change were approved by shareholders of PeakBirch at its special meeting held on December 13, 2021.
PeakBirch Logic Inc. (CNSX:PKB) completed the acquisition of Greenlite Crowdfunding Corp. for CAD 0.409 million on February 24, 2022. PeakBirch Logic amending the share exchange agreement and In accordance with the terms and conditions of the amending agreement, the parties agreed to amend the number of PeakBirch shares to be issued to the Greenlite Vendors in consideration for the Greenlite shares from 36,000,000 PeakBirch shares to 27,272,727 PeakBirch shares. The transaction is also subject to certain post-closing conditions, including an obligation of PeakBirch to complete a private placement financing for aggregate gross proceeds of not less than CAD 500,000 within one month of the closing of the acquisition.