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New World Solutions Inc. (REGRF) is a technology company based in Toronto, Canada, focusing on innovative solutions in the electric vehicle (EV) sector. The company recently acquired Panyo AI Technologies Inc., a leader in the EV rental market, expanding its portfolio and presence in sustainable mobility. With a strategic focus on eco-friendly transportation, New World Solutions aims to provide cutting-edge services, including mobile EV charging, EV car-sharing programs, and advanced EV fleet expansion. The company's commitment to environmental sustainability and technological innovation positions it as a key player in the dynamic tech landscape.
New World Solutions has successfully acquired Panyo AI Technologies, a leader in the electric vehicle (EV) rental market, as of June 12, 2024. This strategic acquisition enhances New World's portfolio in the EV sharing market. The transaction involved a share exchange where New World issued 20,000,000 units, each consisting of one common share and one warrant, to Panyo's shareholders. CEO Paul Haber highlighted the acquisition as a significant milestone, expecting it to bring growth opportunities and strengthen their position in the market.
New World Solutions announced the acquisition of Panyo AI Technologies, acquiring 100% of its shares. The deal involves issuing 20 million units, each including one common share and one purchase warrant, totaling $400,000. This acquisition will add five EVs to New World's fleet, which generates a net income of $2,000 per vehicle monthly. The transaction terms include conditions such as due diligence and regulatory approvals. The move aims to bolster New World's presence in the electric vehicle sector.