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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 Inc. (CSE:NEWS, OTC PINK:REGRF, FSE:RT5) has announced a definitive agreement to acquire a 51% stake in dialMKT, a private British Columbia dialMKT is developing a blockchain-powered digital ecosystem for the wristwatch enthusiast market. The agreement, dated August 30, 2024, marks New World's strategic move into the blockchain and luxury watch sectors. This acquisition positions New World to leverage dialMKT's innovative platform, potentially tapping into the growing market of watch collectors and enthusiasts. The transaction represents a significant step for New World in diversifying its portfolio and expanding its technological footprint in the luxury goods space.
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.