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Spotlight Capital Holdings (OTCMKTSPINK: SLCH) has finalized its acquisition of Florida-based Chevine Transport LLC for $2.5 million in stock. This strategic move positions Spotlight Capital to enter the Transportation and Logistics sector, enhancing its portfolio with a revenue-generating asset. Chevine Transport, led by founder Lesline Johnson, operates a fleet of semi-trucks providing supplemental services to larger trucking firms. Spotlight plans to scale Chevine's operations, increasing fleet size and addressing workforce shortages to enhance efficiency in logistics for its entertainment division.
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