Brief: Ecoark Holdings Announces Agreement To Sell Banner Midstream Oilfield Services Business
24/08/2022 13:50
Aug 24 (Reuters) - Enviro Technologies US Inc EVTN.PK :
* ECOARK HOLDINGS ANNOUNCES AGREEMENT TO SELL BANNER
MIDSTREAM
OILFIELD SERVICES BUSINESS
* ECOARK HOLDINGS INC- ENVIRO WILL ISSUE 12,996,958 SHARES
TO
ECOARK IN EXCHANGE FOR 100% OF ISSUED AND OUTSTANDING COMMON
STOCK OF BANNER
* ECOARK HOLDINGS INC - AGREEMENT TO DIVEST ITS
WHOLLY-OWNED
UNIT, BANNER MIDSTREAM CORP VIA A REVERSE MERGER INTO COMPANY,
ENVIRO TECHNOLOGIES US, INC
* ECOARK HOLDINGS INC- INTENDS TO EFFECT 4:1 FORWARD STOCK
SPLIT
OF ENVIRO TO ALLOW FOR AN ABOUT 1-TO-1 STOCK DIVIDEND OF ENVIRO
TO CO'S SHAREHOLDERS
Source text for Eikon: ID:nGNX4fLBNQ
Further company coverage: EVTN.PK
((Reuters.Briefs@thomsonreuters.com;))
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