SuperDate Networks Inc. entered into a letter agreement to acquire SKYE Life Ventures Ltd. in a reverse merger transaction.
Clark Kedziora will serve as Director, Chief Executive Officer, Chief Financial Officer and Secretary of the resulting issuer. The transaction will be subject to a number of terms and conditions, including, among other things, the parties having received all required shareholder approvals, the Proposed Transaction being approved by SuperDate shareholders on or before October 31, 2020, each of the parties obtaining all necessary third party consents, orders and regulatory approvals, dissent rights not having been exercised by greater than 10% of the shareholders of each of the parties, as applicable, and no material change occurring to the business of any of the parties. The transaction is subject to SuperDate shareholders approving the transaction by unanimous written shareholder approval or at a special meeting of SuperDate shareholders. The respective boards of SuperDate and the SKYE Life have each unanimously approved the merger agreement and the SuperDate board has resolved to recommend the adoption of the merger agreement by SuperDate shareholders, who will be asked to approve the merger agreement, as well as other related proposals at a special meeting or by unanimous written consent. The outside completion date of the transaction is February 26, 2021. Nevada Agency and Transfer Company acted as a Transfer Agent for SKYE Life.