APPlife Digital Solutions, Inc. Enters Binding Agreement for Reverse Merger, Acquiring $150 Million in Real Estate Assets
APPlife Digital Solutions (OTCQB: ALDS) has signed a binding Letter of Intent for a reverse merger with Silver Bear Sports Entertainment and Gaming. The deal involves Silver Bear's real estate portfolio, valued at approximately $150 million, which consists of premier hotel properties. Silver Bear plans global expansion through further acquisition and development of hotel properties. The transaction is expected to close in Q1 2025, subject to due diligence review and final documentation.
APPlife Digital Solutions (OTCQB: ALDS) ha firmato una lettera d'intenti vincolante per una fusione inversa con Silver Bear Sports Entertainment and Gaming. L'accordo riguarda il portafoglio immobiliare di Silver Bear, valutato a circa 150 milioni di dollari, che consiste in proprietà alberghiere di alta gamma. Silver Bear prevede espansione globale attraverso ulteriori acquisizioni e sviluppo di proprietà alberghiere. Si prevede che la transazione si concluda nel primo trimestre del 2025, soggetta a revisione della due diligence e alla documentazione finale.
APPlife Digital Solutions (OTCQB: ALDS) ha firmado una carta de intención vinculante para una fusión inversa con Silver Bear Sports Entertainment and Gaming. El acuerdo involucra el portafolio inmobiliario de Silver Bear, valorado en aproximadamente 150 millones de dólares, que consiste en propiedades hoteleras de primera categoría. Silver Bear planea una expansión global a través de adquisiciones adicionales y desarrollo de propiedades hoteleras. Se espera que la transacción se cierre en el primer trimestre de 2025, sujeta a la revisión de la debida diligencia y la documentación final.
APPlife Digital Solutions (OTCQB: ALDS)는 Silver Bear Sports Entertainment and Gaming과의 역합병을 위한 구속력 있는 의향서를 체결했습니다. 이 거래는 약 1억 5천만 달러 규모의 실적을 지닌 Silver Bear의 부동산 포트폴리오를 포함하며, 고급 호텔 자산으로 구성되어 있습니다. Silver Bear는 호텔 자산의 추가 인수 및 개발을 통해 글로벌 확장을 계획하고 있습니다. 이 거래는 2025년 1분기에 마무리될 것으로 예상되며, 적정성 검토 및 최종 문서화가 필요합니다.
APPlife Digital Solutions (OTCQB: ALDS) a signé une lettre d'intention contraignante pour une fusion inversée avec Silver Bear Sports Entertainment and Gaming. L'accord concerne le portefeuille immobilier de Silver Bear, évalué à environ 150 millions de dollars, qui se compose de propriétés hôtelières de premier choix. Silver Bear prévoit une expansion mondiale par le biais d'acquisitions supplémentaires et du développement de propriétés hôtelières. La transaction devrait se finaliser au premier trimestre 2025, sous réserve d'une révision de diligence raisonnable et de la documentation finale.
APPlife Digital Solutions (OTCQB: ALDS) hat eine bindende Absichtserklärung für eine Umkehrfusion mit Silver Bear Sports Entertainment and Gaming unterzeichnet. Der Deal betrifft das Immobilienportfolio von Silver Bear, das auf etwa 150 Millionen Dollar geschätzt wird und aus erstklassigen Hotelimmobilien besteht. Silver Bear plant eine globale Expansion durch weitere Akquisitionen und die Entwicklung von Hotelimmobilien. Der Abschluss der Transaktion wird für das erste Quartal 2025 erwartet, vorbehaltlich einer Due-Diligence-Prüfung und der finalen Dokumentation.
- Acquisition of $150 million in real estate assets
- Access to established hotel property portfolio
- Potential for global expansion in hospitality sector
- Transition from digital solutions to real estate sector
- Significant business model shift from technology to real estate may create integration challenges
- Transaction completion subject to due diligence and final documentation
- Potential shareholder dilution from reverse merger structure
SAN FRANCISCO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- APPlife Digital Solutions, Inc. (OTCQB: ALDS) (“APPlife”, the Company”), a business incubator and portfolio manager that invests in and creates e-commerce and cloud-based solutions announced today that it has signed a binding Letter of Intent (“LOI”) with Silver Bear Sports Entertainment and Gaming (“Silver Bear”). Silver Bear holds an existing real estate portfolio valued at approximately
The transaction is expected to close in the first quarter of 2025 subject to the due diligence review and negotiation and execution of definitive documentation as set forth in the LOI.
ABOUT APPLIFE DIGITAL SOLUTIONS, INC.
APPlife Digital Solutions Inc., with offices in San Francisco CA. and Shanghai China, is a business incubator and portfolio manager that creates and invests in e-commerce and cloud-based solutions. The Company invests in and creates solutions for work, home life, recreation and research that make users more productive and more efficient, whether at work, home or traveling the world. APPlife's cloud-based businesses are designed to provide easy-to-use life solutions, often to address everyday issues and needs. They include a wide array of topics and needed services to cover the full marketplace across the spectrum. For more information visit www.applifedigital.com.
Contact Information:
APPlife Digital Solutions
Investor Relations
Tel: (585) 232-5440
Email: jody@applifedigital.com
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things our plans, strategies, and prospects -- both business and financial. Although we believe that our plans, intentions, and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, acquisitions, intentions, or expectations. Forward-looking statements are inherently subject to risks, uncertainties, and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as "believe," "expect," "anticipate," "should," "planned," "will," "may," "intend," "estimated," and "potential," among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. All forward-looking statements attributable to APPlife Digital Solutions, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.
FAQ
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