mCloud Technologies Corp V.MCLD.H

RE:mCloud Signs Final Binding Stock Purchase Agreement to Acqui

[summerb37]

More share dilution.  Where and when does it end.  Dilute & reverse split, diluted & reverse split etc.  Long term share holders will be holding nothing at this pace.

Pintarat wrote: https://markets.businessinsider.com/news/stocks/mcloud-signs-final-binding-stock-purchase-agreement-to-acquire-csa-1028765099 VANCOUVER, Dec. 16, 2019 /CNW/ - mCloud Technologies Corp. (TSX-V: MCLD, MCLD.DB) (OTCQB: MCLDD) ("mCloud" or the "Company"), a leading provider of asset management solutions combining IoT, cloud computing, artificial intelligence ("AI") and analytics, today announced it has signed the final binding Stock Purchase Agreement ("SPA") to acquire Construction Systems Associates, Inc. ("CSA"), an Atlanta-based 3D technology company, effective December 13, 2019. A Letter of Intent to purchase CSA was originally announced on January 11, 2018. The acquisition of CSA positions the Company to become one of the largest providers of 3D asset management capabilities to the nuclear power industry in North America, with over 80% of all nuclear plants in the United States relying on technology provided by CSA to facilitate plant operations and complex change management activities. Current CSA customers include energy heavyweights Exelon, Dominion Energy, Southern Company, the Public Service Enterprise Group, Toshiba, and many more. The core technologies CSA has developed for use in the nuclear industries, including capabilities to deliver accurate 3D asset data for large facilities and complex assets, will be fully integrated into mCloud's AssetCare platform to enhance the value of the Company's 3D Digital Twin capabilities across all customer segments. CSA's capabilities will also serve as a foundation to combine high-performance 3D with the structured asset data already collected by AssetCare for use in mixed reality solutions delivered via hands-free digital eyewear such as the RealWear HMT-1Z1. "We are very excited to have the CSA family join mCloud," said Costantino Lanza, mCloud's Chief Growth Officer. "CSA is already an industry leader in delivering accurate 3D asset models to the nuclear power industry, and by merging their technologies with the AI-powered capabilities we provide through AssetCare, we will be able to take accuracy to an entirely new level for numerous asset management applications." "With the combined talent and technologies coming from CSA, we expect to see explosive demand from all segments of our business for their integrated capabilities, including our Smart Process customers in Western Canada, the Middle East, oil and gas hubs in the United States including Texas, and Southeast Asia," Lanza added.