Consumer Automotive Finance, Inc. signed a letter of intent to acquire H2O and Solar Energy Solutions from Branded Legacy, Inc. (OTC: BLEG) for $0.54 million.

Consumer Automotive Finance, Inc. signed a letter of intent to acquire H2O and Solar Energy Solutions from Branded Legacy, Inc. (OTC: BLEG) for $0.54 million on April 14, 2023. As part of the consideration, Consumer Automotive will pay 20 million restricted common stock. H2O and Solar Energy Solutions generated over $0.43 million in revenue generated in 2022.

The acquisition is subject to customary closing conditions and regulatory approvals. The companies expect the transaction to close within weeks.