Energtek Inc. (OTC:EGTK) entered into an agreement to acquire HOP Energy Holdings Inc. ("HOP") for $65 million on September 21, 2016. The purchase consideration will be paid in cash. At closing, the combined group will be renamed American Mobile Power, Inc. The merger, which is subject to customary closing conditions, is anticipated to be completed during the fourth quarter of 2016. Energtek Inc. (OTC:EGTK) cancelled the proposed acquisition of HOP Energy Holdings Inc. on September 21, 2017.