Charging Robotics Ltd. signed a non-binding letter of intent to acquire Fuel Doctor Holdings, Inc. (OTCPK:FDOC) in a reverse merger transaction on March 11, 2022. As of March 28, 2023, Charging Robotics Ltd. entered into a Securities Exchange Agreement to acquire Fuel Doctor Holdings, Inc. (OTCPK:FDOC) for in a reverse merger transaction. Fuel Doctor Holdings will issue 6,145,000 shares as consideration. In addition, the sellers will be entitled to receive a total of up to 6,150,000 shares on achieving performance milestones. As a result of the transaction, Medigus Ltd., the parent company of Charging Robotics, will receive 80% of the issued and outstanding share capital of Fuel Doctor. Upon closing, Medigus will appoint nominees as officers and directors of Fuel Doctor.

Charging Robotics Ltd. acquired Fuel Doctor Holdings, Inc. (OTCPK:FDOC) in a reverse merger transaction on April 7, 2023.