Principal Solar, Inc. (OTCPK:PSWW) signed a binding term sheet to acquire ZONA Energy, Inc. on November 4, 2019. As reported, Principal Solar, Inc. will acquire ZONA Energy in a reverse triangular merger transaction. As a result of merger, current Zona shareholders will receive 1 share of PSWW for each share of Zona held. The binding term sheet is subject to the execution of a definitive agreement, shareholder approval, and FINRA approval and outlines many conditions to closing including: amendment of the PSWW Certificate of Incorporation to increase authorized shares to 300,000,000 with 2,000,000 shares designated as preferred and 298,000,000 designated as common; the execution by PSWW of a purchase and sale agreement with an affiliate of Zona Energy, Inc. for the purchase of various oil and gas working interests in approximately 15,000-20,000 acres surrounding the current Zona acreage position to create a large contiguous Zona block of 20,000 to 25,000 acres with a targeted closing prior to December 31, 2019; a name change of PSWW, symbol change, and new CUSIP number; amendment by PSWW of its certificate of incorporation to provide for a reverse split of 10 to 1; and the filing by PSWW of appropriate articles of merger between its newly formed subsidiary and Zona Energy, Inc. whereby Zona becomes a wholly owned sub of PSWW. The transaction is targeted to close in the fourth quarter of 2019 or early 2020.