Aluf Holdings, Inc. (OTCPK:AHIX) signed an agreement to acquire Bizz Shield Pro, Inc. for $3.5 million on November 3, 2022. The Terms of the Letter of Intent contemplate total consideration for this transaction in the amount of $3.5 million which includes issuance of restricted common stock of the company, and short-term seller financing in the form of an unsecured promissory note. The LOI forms the basis of an agreement, after completion of satisfactory due diligence, a definitive agreement will be executed.

Subject to the acceptance of the definitive agreement. The deal is expected to close in early First quarter of 2023.