After over a year of being 'halted' and not tradeable doesn't this news sound encouraging. Not.
Vancouver, B.C. / TheNewswire / April 5, 2024Mobio Technologies Inc. (TSXV: MBO) (“Mobio” or the “Company”) wishes to provide an update to its previously announced transaction with Tracksuit Movers Inc. (“TMI”) (the “Transaction”).
In its news releases issued on March 14, 2022, March 16, 2022, May 30, 2022, March 2, 2023 and November 10, 2023 Mobio announced and provided updates to the proposed 100% acquisition of Tracksuit Movers Inc., a full-service moving company franchisor through a share exchange. Mobio still intends to proceed with the proposed transaction, the Company is currently working to finalize the management information circular.
Completion of the Transaction is subject to a number of conditions, including but not limited to, preparing and entering into a binding agreement, acceptance by the Exchange and disinterested shareholder approval. The Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Mobio should be considered highly speculative.