Saqoia Inc. signed a purchase agreement to acquire Vopia, Inc. (OTCBB:VOPA) in a reverse merger transaction on February 17, 2016. Under the terms of the agreement, Vopia will issue 300 million shares as consideration. The deal is subject to the lessor of the lease consents to its assignment to the purchaser, all the permits and licenses required for it to carry on the business, that the execution of this agreement has been duly authorized by Saqoia's board of directors and obtaining financing. The transaction is expected to close on March 25, 2016. Saqoia Inc. cancelled the acquisition of Vopia, Inc. (OTCBB:VOPA) in a reverse merger transaction on June 21, 2016.