Aluf Holdings, Inc. (OTCPK:AHIX) entered into a non-binding letter of intent to acquire BizzUniverse, Inc. for $7.5 million on October 27, 2022. Total consideration for this transaction in the amount of $7.5M includes issuance of restricted common stock and short-term seller financing in the form of an unsecured promissory note. The transaction is subjected to the acceptance of the definitive agreement.

The transaction is expected to close on or before January 31, 2023.