Horizon Petroleum Ltd. Announces Letter Of Intent For Proposed Acquisition Of European Oil And Gas Company
Acquiring Company
Hypercraft
Acquired Company
Gas
Provo
BelgiumInformation TechnologyArtificial IntelligenceMachine LearningNatural Language ProcessingDescription
Horizon Petroleum Ltd. (TSXV: HPL.H) ("Horizon" or the "Company") is pleased to announce that it has entered into a non-binding letter of intent ("LOI") dated December 9, 2022, to enter into a business combination (the "Transaction") with an arm's length oil and gas company. It is expected that upon completion of the Transaction, the combined entity (the "Resulting Issuer") will meet the listing requirements for a Tier 1 Oil & Gas issuer under the policies of the TSX Venture Exchange (the "TSXV").
Quick answer
Hypercraft is acquiring Gas and OIL, announced December 13, 2022. Hypercraft is based in Provo, Utah, United States.
- How much did Hypercraft pay for Gas?
- The deal value was not disclosed.
- What does Hypercraft do?
- Hypercraft believes in a future where innovators have greater access to the best mobility technologies.
- Where are Hypercraft and Gas based?
- Hypercraft is based in Provo, Utah, United States. Gas is based in Belgium.
- Who are the decision-makers at Hypercraft?
- Fundz holds 1 contact at Hypercraft. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Gas?
Gas was acquired by Hypercraft, based in Provo. The deal was reported on December 13, 2022. Hypercraft believes in a future where innovators have greater access to the best mobility technologies. Hypercraft is privately held and operates in Information Technology.
When did Hypercraft acquire Gas?
Hypercraft's acquisition of Gas was reported on December 13, 2022. Horizon Petroleum Ltd. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Gas do?
Gas is the company acquired in this transaction. It is privately held, and is based in Belgium.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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