BLUEFIRE EQUIPMENT CORPORATION BlueFire Equipment Corporation (OTCPK:BLFR) executed a Combination Agreement to acquire Ram Capital, LLC from Dr. D. Rene Ramirez on March 5, 2024. 54,000,000 shares of series A preferred stock will be issued as consideration. As part of the transaction, Rene succeeds Kirk Yariger as Chairman of the Board, leading the Board of Directors, which includes Rene, T. Dan Powers, and Nickolas S. Tabraue.
The executive team remains intact, with Matthew Goldston as Chief Financial Officer and Nickolas serving as Interim Chief executive Officer , Chief Compliance Officer, and Investor Relations Officer. In conjunction with the issuance of series A preferred stock to Ram Cap, Prior Series A Shareholders from the SEPacquisition in late 2023 will convert their shares to common stock under a First Right of Refusal/Leak-Out Agreement.
