Pyramidion Technology Group, Inc. (OTCPK:PYTG) signed a binding letter of intent to acquire NxGen Brands, LLC for for $0.58 million on August 28, 2018. Pyramidion Technology Group, Inc. (OTCPK:PYTG) signed a definitive agreement to acquire NxGen Brands, LLC on September 24, 2018. As per the terms, consideration of $0.5 million will be paid as Class B convertible preferred shares and $0.08 million in cash. Pursuant to the letter of Intent, PYTG will be acquiring NxGen operations, brands, and marketplace. The transaction is subject only to finalize the execution of a definitive purchase agreement and regulatory approvals. The transaction is expected to close on or before September 30, 2018. Pyramidion Technology Group, Inc. (OTCPK:PYTG) completed the acquisition of NxGen Brands, LLC on October 10, 2018. As a result of the transaction, NxGen Brands, LLC operates as a subsidiary of Pyramidion Technology Group, Inc.