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Himalaya Technologies Inc (HMLA) is a technology development company that focuses on nurturing and launching innovative projects utilizing blockchain and AI resources. The company recently announced a strategic development partnership with Net Savings Link, Inc, aimed at providing technology development and social media management services. Through this partnership, the EVEREST token will be integrated into the DiVinciPay payment ecosystem, enhancing brand awareness and product equity for Himalaya. NSAVx.com, a subsidiary of Net Savings Link, Inc, will assist in developing the EverestLPP.com platform, an autonomous liquidity pool (LP) platform that links capital to pre-approved token projects. Himalaya Technologies, Inc aims to bridge the gap between traditional business frameworks and decentralized technology by driving innovation in the digital currency space.
Himalaya Technologies, Inc. (OTC: HMLA) announced the cancellation of its equity offering of up to $3.0 million due to unfavorable market conditions. The company has filed to withdraw its SEC Form 1A/A for a Tier 2 Regulation A+ offering, which was originally aimed to fund its Internet and health and wellness ventures. CEO Vik Grover noted that the offering created an adverse impact on the stock rather than facilitating growth. He criticized the current market capitalization, claiming it does not accurately reflect the company's value or the potential of its social network platform, Kanab Club, and its minority stake in GenBio, Inc.. Moving forward, Himalaya intends to explore alternative financing methods, including potential collaborations or mergers.
Himalaya Technologies, Inc. (OTC: HMLA) has announced the acquisition of AWS short form video technology assets and mobile video applications from Cyber Space, LLC for $100,000 in cash and $50,000 in restricted preferred stock. This strategic move aims to enhance Himalaya's Internet business and user-generated content capabilities. To support this initiative, the company has partnered with Chetu, Inc. to develop a new social network called goccha!. This platform will incorporate innovative short form video features and aim to compete in the market currently dominated by established players like TikTok. The development process will leverage existing software code from Himalaya's current social site, Kanab Club, which focuses on the cannabis industry. However, potential risks regarding the success of this venture and financing remain significant.
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