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GRILLiT Inc. (OTC PINK: GRLT) has signed a Letter of Intent (LOI) to merge with Primior Inc., a private equity real estate investment firm. The merger aims to create a diversified holding company focused on investing in and acquiring innovative businesses. This strategic move aligns with GRILLiT's vision to transform into a multi-dimensional business involved in real estate financings, corporate spin-outs, management buyouts, recapitalizations, industry consolidations, and early-stage financings.
The merger is expected to bring significant business expertise in real estate investments, tokenization, and blockchain technology to GRILLiT. The deal values Primior at $30 million and is anticipated to close in the late 3rd Quarter of 2024. This strategic shift is seen as a pivotal moment for GRILLiT, providing access to greater resources for acquisitions and product development.
GRILLiT Inc. (GRLT) is progressing with the construction of its flagship location, The Pretzel Haus, located in Palm Harbor, Florida. Set to open around July 30, 2021, this new establishment will feature unique stuffed pretzel sandwiches, jumbo pretzels, and a variety of sauces. The Pretzel Haus aims to create a welcoming environment with cozy decor and outdoor seating. As part of a broader strategy, GRLT plans to revive its brand through complementary restaurant businesses including The Chicken Haus and Bessemer Brewery, targeting growth and increased shareholder value.
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