Novra Technologies Inc V.NVI

SNAPS Holding is providing the loan

[Ciao]

Almost no public info on SNAPS Holding.

They are divesting some assets to help fund their loan to NVI.

Before Novra entered into this Convertible Loan Agreement on August 30, 2024, SNAPS had already initiated a divestiture process for some of its identified assets to fund its diversification strategy, including the Novra investment. These transactions were originally expected to close by November 30, 2024. However, due to the temporary slow down in US and global credit markets, primarily caused by uncertainties of the outcome of the US elections, the closure of these transactions as originally contemplated was delayed. These transactions are now expected to be completed in the first quarter of 2025 and, as a result, the closing date for the Loan is now set to be on or before March 31, 2025. All terms of the Loan agreement other than timing remain unchanged.

The stock should start trading soon.

[Ciao]

CIRO has "forced" the parties to release the name of the private equity firm who is providing the loan as well as giving some assurance they have the financial backing to provide the loan. This is a company with a 35 year history and a spokesperson stated; "SNAPS views Novra as a strategic asset, leveraging its global market reach, engineering excellence, SaaS/cloud proficiency

[john378]

I was going to say that it shocked me that CIRO let this go without first establishing that this money could ever realistically exist. Then again nothing really shocks me anymore about this totally fake economy we now live in. Even Novra gave themselves a legal escape hole with statements to the effect that the money would have to be raised and there is no certainty that it will be. EMPLOYEES: 5

[Ciao]

CIRO is doing their best to bullet proof this for investors. Thus the CTO for months till parties felt comfortable with releasing additional info that would satisfy CIRO. No insiders can sell till after the loan has closed. There's nothing in it for SNAPS to put an illegitimate loan to help the Harris unload shares. The cut and paste is likely inaccurate info. D&B report would be

[MaximizeStock]

https://northdakota.ltddir.com/Agent/SNAPS+HOLDING+COMPANY/   Sanjay Patel ceo   

[Ciao]

Thanks for sharing.