Btab Group Inc. entered into a Definitive Acquisition Agreement to acquire GASE Energy, Inc. (OTCPK:GASE) in a reverse merger transaction on November 17, 2022. Under the terms of the agreement, GASE Energy will issue approximately 63 million new shares of common stock and 5 million of Class B common shares with voting rights, in exchange for the entire equity of the Btab. Following the acquisition, the current Gase shareholders will control approximately 20% of the combined equity. Btab will have the right to nominate three directors to the Board of the Company and both parties anticipate a corporate name change. The transaction is subject to satisfactory due diligence, approval of shareholders of GASE Energy, regulatory approval and other closing conditions.

Btab Group Inc. cancelled the acquisition of GASE Energy, Inc. (OTCPK:GASE) in a reverse merger transaction on January 26, 2023. Acquisition Agreement has expired as of January 26, 2023.