WikiSoft Corp. (OTCPK:WSFT) entered into a non-binding letter of intent to acquire a majority stake in Etheralabs LLC on February 9, 2022. WikiSoft Corp. (OTCPK:WSFT) entered into a definitive agreement to acquire 51% stake in Etheralabs LLC on February 28, 2022. Wikisoft Corp. plans to fund the acquisition with equity. Wikisoft's Board of Directors has given a commitment to approve the transaction. Wikisoft expects the proposed transaction to be accretive to earnings realized over the two years following the acquisition. The Doney Law Firm acted as the legal advisor to WikiSoft.

WikiSoft Corp. (OTCPK:WSFT) completed the acquisition of 51% stake in Etheralabs LLC for $0.09 million on February 28, 2022. As consideration, WikiSoft issued 2.55 million shares of its common stock.