Cricket Energy Holdings Inc. entered into a non-binding letter of intent to acquire Sunwave Home Comfort Inc. from ONEnergy Inc. (TSXV:OEG) for CAD 8.4 million on March 9, 2017. The parties entered into a definitive agreement on November 26, 2018. The purchase price will be satisfied through cash and promissory notes. In addition, transaction includes assumption of Home Comfort’s debt with respect to the related rental equipment assets. The consideration is subject to customary post-closing adjustments. Pursuant to the terms of agreement, ONEnergy will repay advances of CAD 5.1 million provided by Cricket Energy Holdings Inc. Cricket Energy Holdings Inc. will satisfy the purchase price with CAD 5.5 million in cash and CAD 2.9 million in a promissory note to ONEnergy. As an indication of their interest to acquire Home Comfort, Cricket advanced CAD 3.8 million in cash and working capital support during the year ended December 31, 2016. ONEnergy Inc. expects that it will enter into a definitive agreement with Cricket during second quarter of 2017. During the period between the September 28, 2017 special meeting of ONEnergy’s shareholders and November 30, 2018, ONEnergy received CAD 5.5 million in cash towards the purchase price and made payments to Cricket Energy Holdings Inc. of CAD 3.2 million towards the Advances. The transaction will be subject to the approval of ONEnergy Inc.’s shareholders and the TSX Venture Exchange. On September 28, 2017 the shareholders of Sunwave Home Comfort approved the transaction. The transaction is expected to close in June 2017. The transaction received conditional acceptance from the TSX Venture Exchange on April 3, 2017. The transaction is subject to final regulatory approval and is expected to close during 2018. As of November 26, 2018, the transaction is expected to close in December 2018. Cricket Energy Holdings Inc. completed the acquisition of Sunwave Home Comfort Inc. from ONEnergy Inc. (TSXV:OEG) on November 30, 2018. the transaction was approved by TSX stock exchange on December 6, 2018.