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.