Metalert, Inc. (OTCPK:MLRT) entered into a heads of terms agreement to acquire Traktec LLC for $4.5 million on January 11, 2023. The consideration will be paid in a cash and stock basis. As per the Heads of Terms Agreement, the transaction is slated to close on or before March 17, 2023, pending completion of satisfactory due diligence and audits. Joseph Gunnar & Co., LLC acted as financial advisor to Metalert, Inc.

Metalert, Inc. (OTCPK:MLRT) cancelled the acquisition of Traktec LLC in March 2023.