Lykato Group, LLC completed the acquisition of 82.25% stake in Fast Lane Holdings Inc. from Giant Consulting Services, LLC for $0.3 million.
October 23, 2019
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Lykato Group, LLC entered into a share purchase agreement to acquire 82.25% stake in Fast Lane Holdings Inc. (OTCPK:FLHI) from Giant Consulting Services, LLC for $0.3 million on October 11, 2019. Under the transaction, Lykato Group acquires 2,550 shares of series A preferred stock. Paul Moody resigned as Chief Executive Officer, Chief Financial Officer, President, Secretary, Treasurer, and Director of Fast Lane Holdings and James Xilas was appointed as Chief Executive Officer, Chief Financial Officer, President, Secretary, Treasurer, and Director of Fast Lane Holdings. The transaction is subject to resignations of the directors and officers of FLHI and expected to complete on October 21, 2019. Olde Monmouth Stock Transfer Co., Inc acted as transfer agent to Fast Lane.
Lykato Group, LLC completed the acquisition of 82.25% stake in Fast Lane Holdings Inc. (OTCPK:FLHI) from Giant Consulting Services, LLC on October 21, 2019
Giant Motorsports, Inc. (Giant) works with racers and race enthusiasts to bring them fabrication and products designed for the needs of racers. The Company is engaged in the business of offroad racing. The Company is specialized in offroad racing truck products and fabrication, and has created a list of custom products that can be custom fabricated and installed by Giant Motorsports, as well its Weld it Yourself products for the do it yourself'ers. The Company has developed some of the offrroad suspension lifts, 4 link suspension, and desert racing technology for use in Mohave Desert racing, pre runner truck, desert racing truck, and any prerunner. The Companyâs products include Steering, Link Killer, 4 Link Kits, I-Beam Kits, Complete Axle, Engine Cage, Weld and do it yourself parts, and Long Travel Spring Kits.