DYMH Technology Canada Corp. entered into a non-binding letter of intent to acquire 5D Acquisition Corp. (TSXV:FIVD.P) in a reverse merger transaction
The 5D Acquisition also announces that Alex McAulay tendered his resignation as a Director and Chief Financial Officer of the Company effective November 7, 2023. The 5D Acquisition wishes Mr. McAulay well in his future endeavours. Mohammad Fazil, the 5D Acquisition?s Chief Executive Officer, will assume the role of Chief Financial Officer of 5D on an interim basis, pending completion of the transaction or appointment of a replacement by the 5D Acquisition?s board of directors.
The transaction is subject to a number of conditions, including but not limited to, receiving all required shareholder, regulatory, and other approvals.