Centiment Capital Holdings Inc. announced a letter of intent to acquire XCPCNL Business Services Corporation (OTCPK : XCPL) in a reverse merger transaction on March 15, 2022. Centiment Capital Holdings Inc. entered into agreement to acquire XCPCNL Business Services Corporation on July 22, 2022. The XCPCNL Business Services assets will be merged with and into Centiment Capital's assets. The company will also seek to have a name and ticker change. The new company will operate under the name Centiment Technology Group. The agreement between XCPCNL and Centiment provides that no reverse split will take place as part of this transition, protecting current shareholder's positions and value, which is expected to be enhanced. The reverse merger will involve a completely new management infrastructure, with Tim Matthews and Micah Brown serving as co-Chief Executive Officers until a qualified tech-based Chief Executive Officer is appointed. Tim Matthews will be stepping down in approximately sixty days to facilitate the transition. Micah Brown, current Chief Executive Officer of Centiment to join the Board of the merged Company after the acquisition transactions close. The Office for the combined enterprise will be established in Charlotte, NC at Industrious NODA. Both parties expect this reverse merger to be completed over the next sixty days. The acquisition is expected to close prior to the end of August 2022.

Centiment Capital Holdings Inc. completed the acquisition of XCPCNL Business Services Corporation (OTCPK : XCPL) in a reverse merger transaction on September 1, 2022. Current XCPL Chief Executive Officer, Tim Matthews will oversee the integration of the Advanced Research Machines and Xerxes Trading Holdings business (subsidiaries of Centiment Capital Holdings Inc.) into the Company's operating platform.