Stock Trend Capital Inc. (CNSX:PUMP) entered into a share purchase agreement to acquire a 20% stake in YOUNET on July 24, 2023. Pursuant to the terms of a share purchase agreement that the Company intends to enter into with an arm?s length party, the aggregate consideration of CAD 855,000 will be satisfied through: (i) CAD 250,000 paid in cash upon closing the Acquisition, and (ii) CAD 605,000 satisfied through the issuance of 27,500,000 common shares in the capital of the Company. The Acquisition is expected to close on or before July 31, 2023, and is subject to customary closing conditions, including the receipt of all necessary regulatory approvals, including the approval of the Canadian Securities Exchange. The management and the board of directors of both the Company and Rabbit AI unanimously support the Acquisition.

Stock Trend Capital Inc. (CNSX:PUMP) completed the acquisition of a 20% stake in YOUNET on August 1, 2023.