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GoIP Global Inc. (OTC PINK: GOIG) has completed the acquisition of GetCharged, Inc. for $17.5 million in convertible preferred shares. This move aims to establish a vast network of charging and parking solutions for micromobility devices like e-scooters and e-bikes. With the micromobility industry projected to reach up to $300 billion by 2030 in the U.S., GetCharged's infrastructure solutions promise operational cost savings and efficient service for cities. CEO Andrew Fox will join GoIP's leadership, which plans to leverage this acquisition to enhance shareholder value.
GoIP Global Inc. (OTC PINK:GOIG) announced its acquisition of GetCharged, Inc. for $17.5 million, aiming to establish a global network of charging stations for micromobility devices like e-scooters and e-bikes. This move is projected to enhance GoIP's market presence in the burgeoning micromobility sector, which could reach a market potential of up to $300 billion by 2030. The acquisition is set to close before October 15, 2020, with Andrew Fox appointed as CEO. The funding will be through convertible preferred shares, totaling 60 million shares post-split.
GoIP Global Inc. (OTC PINK:GOIG) has signed an asset purchase agreement to acquire the assets of a private transportation company operating FedEx routes in NYC. The total purchase price will be paid in cash, ensuring no dilution for shareholders. This acquisition aims to strengthen GoIP's transportation division, expected to yield strong cash flow in the e-commerce sector. The company plans to pursue more FedEx routes as part of its growth strategy, with the Board optimistic about expanding opportunities in the on-demand economy.
GoIP Global Inc (OTC PINK:GOIG) has signed an asset purchase agreement to acquire substantially all assets of a privately-held transportation company operating FedEx routes in NYC. This follows a prior LOI disclosed on June 1, 2020. FedEx approval is pending, and the purchase will be funded in cash without shareholder dilution. The company anticipates immediate accretion from this acquisition as part of its plan to develop a transportation division aimed at strong cash flow, capitalizing on the growing demand in e-commerce.
