nDatalyze Corp. (CNSX:NDAT) entered into a non-binding Letter of Intent to acquire Empire Hydrogen Energy Systems Inc. for CAD 1 million on July 19, 2023. As for consideration, NDAT will provide CAD 1 million at closing.

NDAT currently has approximately CAD 0.6 million in cash meaning a small financing would be required prior to closing. Transaction is subject to completion of separate transaction, 30 day due-diligence period, both Empire and NDAT shareholder approvals and regulatory approval.