Brief: Ispire Technology Says Co Entered Into LOI, Term Sheet With Touch Point Worldwide

Ispire Technology

01/02/2024 11:25

Feb 1 (Reuters) - Ispire Technology Inc  ISPR.O :
    * ISPIRE TECHNOLOGY INC - ON JANUARY 31, ENTERED INTO A
LETTER OF
INTENT AND TERM SHEET WITH TOUCH POINT WORLDWIDE INC. D/B/A
BERIFY
    * ISPIRE TECHNOLOGY INC - UNDER TERMS OF TERM SHEET, PARTIES
INTEND TO CREATE NEW JOINT VENTURE THAT IS A DELAWARE LIMITED
LIABILITY COMPANY ( NEWCO)
    * ISPIRE TECHNOLOGY INC - PARTIES INTEND TO CREATE JV THAT
WILL BE
50% OWNED BY CO AND 50% OWNED BY BERIFY
    * ISPIRE TECHNOLOGY INC - ISPIRE'S CONTRIBUTION TO NEWCO
WILL BE
UP TO $10 MILLION

Source text for Eikon:  ID:n0001213900-24-008719 
Further company coverage:  ISPR.O 

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