Mercantile Bank International entered into a definitive Equity Purchase Agreement to acquire Crucial Innovations, Corp. (OTCPK:CINV) for approximately $140 million in a reverse merger transaction on December 31, 2020. Under the terms of the deal, Crucial Innovations will issue for consideration 27.54 million restricted shares which will represent eighty-five percent (85%) of all issued and outstanding shares of Crucial Innovations common stock at the time of the closing of the transaction; and $0.5 million payable at the closing of the transaction. Crucial Innovations and Mercantile Bank will work together to raise additional funding with Crucial Innovations undertaking $20 million private securities offering after execution of the agreement. Crucial Innovations will periodically review the financials of Mercantile Bank with the plan to “up-list” to NASDAQ as soon as feasible. Crucial Innovations will also apply for a name change to Mercantile Fintech Holdings and a symbol change to an available and relevant symbol. Laura De Leon Castro will remain Chief Executive and sole officer and Director of Crucial Innovations following execution of this agreement until closing. Coincident with the closing of the transaction, Crucial Innovations’s existing officers and Directors will resign and J. Robert Collins, Jr., Chairman of the Board of the Board and Chief Executive Officer of Mercantile Global Holdings, Inc., parent of Mercantile Bank and Chairman of the Board of Mercantile Bank, will be elected as Chairman of the Board and Chief Executive Officer of Crucial Innovations. The closing of the transaction is subject to approval by relevant governmental and regulatory authorities, including, but not limited to, the Office of the Commissioner of Financial Institutions of the Commonwealth of Puerto Rico, as well as Mercantile Bank’s Board of Directors, and the Board of Directors, shareholders, and creditors of Mercantile Global Holdings. The closing date of the agreement will take place within thirty (30) days after the execution of the agreement by the parties or such later date as agreed by the parties. Mercantile Bank International cancelled the acquisition of Crucial Innovations, Corp. (OTCPK:CINV) in a reverse merger transaction on September 2, 2021.