Ehave Files 6-K Disclosing LOI Details For The Acquisition Of Moksha Digital Software

Rhea-AI Summary

Ehave, Inc. (OTC Pink: EHVVF) announced the filing of a Form 6-K with the SEC, revealing a Letter of Intent (LOI) to acquire Moksha Digital Software. This strategic move is projected to significantly enhance revenues, escalating from $10.19 million in the first year to approximately $150.42 million by year five. The Form 6-K also outlines fund utilization and a business plan over five years. The full filing can be accessed at the SEC's website.

Positive

• Projected revenue growth from $10.19 million in year one to $150.42 million by year five.
• Strategic acquisition aimed at enhancing digital therapeutic offerings.

Negative

• Integration challenges with the acquired company could pose risks.
• Dependence on successful execution of revenue projections.

MIAMI, Aug. 25, 2021 (GLOBE NEWSWIRE) -- Ehave, Inc., (OTC Pink: EHVVF) (the “Company”), a provider of digital therapeutics delivering evidence-based therapeutic interventions to patients, announced today that it has filed a Form 6-K with the SEC disclosing details of the Company’s LOI to acquire Moksha Digital Software. The Form 6-K filing includes details of the LOI, Fund Utilization, and a High-level Business Plan that includes 5 years of revenue projections. Terms of the LOI call for revenues to ramp up from $10.19 million in revenue in year one to $150.42 million in year five.

Investors can find the 6-K filing at https://www.sec.gov/Archives/edgar/data/0001653606/000149315221021173/form6-k.htm.

About Ehave, Inc.

Ehave, Inc. is a leader of digital therapeutics delivering evidence-based therapeutic interventions to patients. Our primary focus is on improving the standard care in therapeutics to prevent or treat brain disorders or diseases through the use of digital therapeutics, independently or together, with medications, devices, and other therapies to optimize patient care and health outcomes. Our main product is the Ehave Telemetry Portal, which is a mental health informatics platform that allows clinicians to make objective and intelligent decisions through data insights. The Ehave Infinity Portal offers a powerful machine learning and artificial intelligence platform with a growing set of advanced tools and applications developed by Ehave and its leading partners. This empowers patients, healthcare providers, and payers to address a wide range of conditions through high quality, safe, and effective data-driven involvement with intelligent and accessible tools. Additional information on Ehave can be found on the Company’s website at: www.ehave.com.

Forward-Looking Statement Disclaimer

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company's control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements: (i) the initiation, timing, progress and results of the Company’s research, manufacturing and other development efforts; (ii) the Company’s ability to advance its products to successfully complete development and commercialization; (iii) the manufacturing, development, commercialization, and market acceptance of the Company’s products; (iv) the lack of sufficient funding to finance the product development and business operations; (v) competitive companies and technologies within the Company’s industry and introduction of competing products; (vi) the Company’s ability to establish and maintain corporate collaborations; (vii) loss of key management personnel; (viii) the scope of protection the Company is able to establish and maintain for intellectual property rights covering its products and its ability to operate its business without infringing the intellectual property rights of others; (ix) potential failure to comply with applicable health information privacy and security laws and other state and federal privacy and security laws; and (x) the difficulty of predicting actions of the USA FDA and its regulations. All forward-looking statements included in this press release are made only as of the date of this press release. The Company assumes no obligation to update any written or oral forward-looking statement unless required by law. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is contained under the heading "Risk Factors" in Ehave, Inc.’s Registration Statement on Form F-1 filed with the Securities and Exchange Commission (SEC) on September 24, 2015, as amended, which is available on the SEC's website, http://www.sec.gov. 

For Investor Relations, please contact:

Gabe Rodriguez
Phone: (623) 261-9046
Email: ir@ehave.com 

FAQ

What is the purpose of Ehave's acquisition of Moksha Digital Software?

Ehave aims to enhance its digital therapeutic offerings and drive significant revenue growth through this acquisition.

What are the expected revenues from the Moksha acquisition over the next five years?

The acquisition is projected to increase revenues from $10.19 million in the first year to $150.42 million by the fifth year.

Where can I find more details about Ehave's Form 6-K filing?

Details of Ehave's Form 6-K filing can be accessed on the SEC's website.

What risks are associated with Ehave's acquisition of Moksha Digital Software?

Potential risks include integration challenges and reliance on meeting ambitious revenue projections.