Brief: Spectrum Global Solutions - Entered Share Purchase Agreement With Wavetech Global

High Wire Networks

07/02/2019 11:28

Feb 7 (Reuters) - Spectrum Global Solutions Inc  SGSI.PK :
    * SPECTRUM GLOBAL SOLUTIONS - ON FEBRUARY 4, ENTERED SHARE
PURCHASE AGREEMENT WITH WAVETECH GLOBAL
    * SPECTRUM GLOBAL SOLUTIONS INC - MERGER OF WAVETECH INTO CO
SHALL
BE EFFECTED THROUGH SALE & EXCHANGE OF SHARES & CASH
    * SPECTRUM GLOBAL SOLUTIONS INC - UPON MERGER CONSUMMATION,
WAVETECH TO BECOME MAJORITY CONTROLLING SHAREHOLDER OF CO
    * SPECTRUM GLOBAL SOLUTIONS - UPON MERGER CONSUMMATION,
INTENDS TO
REBRAND UNDER WAVETECH GLOBAL NAME, FILE FOR NAME CHANGE TO
WAVETECH GLOBAL INC.
    * SPECTRUM GLOBAL SOLUTIONS - UPON MERGER CONSUMMATION,
INTENDS TO
APPLY FOR AN UP-LISTING TO NASDAQ EXCHANGE
    * SPECTRUM GLOBAL SOLUTIONS INC - CO'S BOARD OF DIRECTORS
WILL
EXPAND TO INCLUDE 3 NEW BOARD MEMBERS FROM WAVETECH

Source text: (https://bit.ly/2DdtSTc)
Further company coverage:  SGSI.PK 

 ((Reuters.Briefs@thomsonreuters.com;))