Kologik, LLC entered into a non-binding agreement in principle to acquire OrangeHook, Inc. (OTCPK:ORHK) on July 15, 2019. Pursuant to the closing of the Merger, Kologik shall own approximately 60% of the merged entity and OrangeHook equity holders would own approximately 40%, subject to certain adjustment mechanisms in the Letter of Intent. The merged entity plans to up list to a national exchange (NASDAQ or NYSE) by the end of 2019. The combined company anticipated to be EBITDA positive in FY 2019.