Oasis Technology Inc. signed a non-binding letter of intent to acquire Arkadia Capital Corp. (TSXV:AKC.H) in a reverse merger transaction on May 1, 2019. As per the terms Oasis will consummate private placement of a minimum of 0.2 million convertible debentures of Oasis and a maximum of 1 million Oasis Debentures, at a price of CAD 1 per Oasis Debenture. Each 20 Oasis Debentures would automatically convert into one common share of Oasis upon the satisfaction of certain conditions precedent to the completion of the Business Combination and assuming the issuance and conversion of a minimum of 0.2 million convertible debentures Arkadia would issue a total of 292.1 million Arkadia Shares to the Oasis and Assuming the issuance and conversion of a maximum of 1 million Oasis Debentures Arkadia would issue a total of 660 million Arkadia Shares to the Oasis. Pursuant to agreement, Arkadia and Oasis would amalgamate and would carry on the current business of Oasis under the name Oasis Technology Inc. The transaction is subject to consummation of due diligence, consummation of Private Placement, directors approval of Arkadia and Oasis, execution of definitive documentation, TSX-V has conditionally accepted the Business Combination, approval of shareholders of Arkadia, Oasis has advanced to Arkadia to, satisfy all of its outstanding indebtedness to trade creditors and Arkadia sufficient funds to prepare and file audited annual financial statements for the year ended August 31, 2018, and unaudited interim financial statements for the periods ended November 30, 2018, and February 28, 2019. Oasis Technology Inc. cancelled the acquisition of Arkadia Capital Corp. (TSXV:AKC.H) in a reverse merger transaction on March 9, 2020.