Tiderock Companies Inc. (OTCPK:TDRK) executed a letter of intent to acquire 51% stake in Charles Burgan LLC on March 15, 2022. Tiderock Companies Inc. (OTCPK:TDRK) executed definitive agreement to acquire 51% stake in Charles Burgan LLC on April 5, 2022. Tiderock will be issuing restricted common stock for the acquisition.

Burgan will stay on as qualified employee, in addition to providing project management, planning and design services. Concurrent with closing the transaction, Charles Burgan will be renamed Sora Burgan Construction. The transaction is expected to close within next 30 days.