Star8 Corp. Announces Merger with TOMAHAWK SRL
Star8 Corp. (OTC: STRH) has announced a merger with TOMAHAWK SRL, an Italian EV motorcycle company founded in 2019. TOMAHAWK, operating under the brand Scarponi Motorcycles, developed three motorcycle models in 2020 and established manufacturing facilities in Teramo, Abruzzo in 2021. The company achieved EU homologation for all models in May 2023 and began production in June 2023.
As part of the merger agreement, Star8 will issue 10,000 shares of new preferred stock, with each share having voting and conversion rights equal to 0.1% of outstanding shares. The company plans to expand production and market its EV motorcycles in Europe, the Americas, and Asia. Current officer Pino Impagliazzo will resign, with founders Gianluca and Denis Scarponi taking officer and director positions.
Star8 Corp. (OTC: STRH) ha annunciato una fusione con TOMAHAWK SRL, un'azienda italiana di motociclette elettriche fondata nel 2019. TOMAHAWK, operando con il marchio Scarponi Motorcycles, ha sviluppato tre modelli di motociclette nel 2020 e ha stabilito impianti di produzione a Teramo, in Abruzzo, nel 2021. L'azienda ha ottenuto l'omologazione dell'UE per tutti i modelli a maggio 2023 e ha avviato la produzione a giugno 2023.
Come parte dell'accordo di fusione, Star8 emetterà 10.000 azioni di nuova classe di azioni privilegiate, con ciascuna azione che avrà diritti di voto e di conversione pari all'0,1% delle azioni in circolazione. L'azienda prevede di espandere la produzione e commercializzare le sue motociclette elettriche in Europa, nelle Americhe e in Asia. L'attuale dirigente Pino Impagliazzo si dimetterà, con i fondatori Gianluca e Denis Scarponi che assumeranno posizioni di dirigenti e direttori.
Star8 Corp. (OTC: STRH) ha anunciado una fusión con TOMAHAWK SRL, una empresa italiana de motocicletas eléctricas fundada en 2019. TOMAHAWK, que opera bajo la marca Scarponi Motorcycles, desarrolló tres modelos de motocicletas en 2020 y estableció instalaciones de fabricación en Teramo, Abruzzo, en 2021. La empresa obtuvo la homologación de la UE para todos los modelos en mayo de 2023 y comenzó la producción en junio de 2023.
Como parte del acuerdo de fusión, Star8 emitirá 10,000 acciones de nuevas acciones preferentes, con cada acción teniendo derechos de voto y conversión equivalentes al 0.1% de las acciones en circulación. La empresa planea expandir su producción y comercializar sus motocicletas eléctricas en Europa, las Américas y Asia. El actual oficial Pino Impagliazzo renunciará, con los fundadores Gianluca y Denis Scarponi ocupando puestos de oficiales y directores.
Star8 Corp. (OTC: STRH)는 2019년에 설립된 이탈리안 전기 오토바이 회사인 TOMAHAWK SRL와 합병을 발표했습니다. TOMAHAWK는 Scarponi Motorcycles라는 브랜드로 운영되며, 2020년에 세 가지 오토바이 모델을 개발하고 2021년에 아부르차의 테라모에 제조 시설을 설립했습니다. 이 회사는 2023년 5월에 모든 모델에 대한 EU 인증을 획득하고 2023년 6월에 생산을 시작했습니다.
합병 계약의 일환으로 Star8은 새로운 우선주 10,000주를 발행하며, 각 주식은 유통 주식의 0.1%에 해당하는 의결권 및 전환권을 가집니다. 이 회사는 유럽, 미주 및 아시아에서 전기 오토바이의 생산을 확장하고 시장에 진출할 계획입니다. 현재 임원인 피노 임팔리아조는 사임할 예정이며, 창립자 지안루카와 데니스 스카르포니가 임원 및 이사직을 맡게 됩니다.
Star8 Corp. (OTC: STRH) a annoncé une fusion avec TOMAHAWK SRL, une entreprise italienne de motos électriques fondée en 2019. TOMAHAWK, qui opère sous la marque Scarponi Motorcycles, a développé trois modèles de motos en 2020 et a établi des installations de fabrication à Teramo, dans les Abruzzes, en 2021. L'entreprise a obtenu l'homologation de l'UE pour tous les modèles en mai 2023 et a commencé la production en juin 2023.
Dans le cadre de l'accord de fusion, Star8 émettra 10 000 actions privilégiées, chaque action ayant des droits de vote et de conversion équivalents à 0,1% des actions en circulation. L'entreprise prévoit d'élargir sa production et de commercialiser ses motos électriques en Europe, en Amérique et en Asie. L'actuel dirigeant Pino Impagliazzo démissionnera, les fondateurs Gianluca et Denis Scarponi prenant des postes d'officiers et de directeurs.
Star8 Corp. (OTC: STRH) hat eine Fusion mit TOMAHAWK SRL angekündigt, einem italienischen Hersteller von Elektro-Motorrädern, der 2019 gegründet wurde. TOMAHAWK, das unter der Marke Scarponi Motorcycles operiert, entwickelte 2020 drei Motorradmodelle und richtete 2021 Produktionsstätten in Teramo, Abruzzen ein. Das Unternehmen erhielt im Mai 2023 die EU-Zulassung für alle Modelle und begann im Juni 2023 mit der Produktion.
Im Rahmen des Fusionsvertrags wird Star8 10.000 neue Vorzugsaktien ausgeben, wobei jede Aktie Stimm- und Umwandlungsrechte in Höhe von 0,1% der ausstehenden Aktien hat. Das Unternehmen plant, die Produktion zu erweitern und seine Elektro-Motorräder in Europa, Amerika und Asien zu vermarkten. Der derzeitige Geschäftsführer Pino Impagliazzo wird zurücktreten, während die Gründer Gianluca und Denis Scarponi Führungskräfte- und Direktorposten übernehmen werden.
- Merger provides access to capital markets for funding
- Expansion into new markets (Americas and Asia)
- All three motorcycle models already EU-homologated
- Production facility established and operational
- Production already commenced on all models
- Significant shareholder dilution through preferred stock issuance (potential 100% dilution)
- Complete management change indicates potential integration risks
- No disclosed financial terms or current production volumes
TOMAHAWK SRL, based in Abruzzo,
Under the brand, Scarponi Motorcycles, 3 models were developed during 2020. In 2021 they established a manufacturing and R & D facility in
In June 2023 production commenced on all 3 models.
"Our success to date is just the catalyst for further growth. The merger with Star8 Corp. will allow us with not only access to the capital markets for funding, but also for new distribution channels into the America's and beyond."
The company plans to expand productions levels and begin marketing of its EV Motorcycles to the rest of
Pursuant to the Agreement and Plan of Merger, the company is going to issue 10,000 shares of a newly created series of preferred shares. Each share of this new series has voting and conversion rights equal to
For more information, please visit the Company's website at https://www.scarponimotorcycles.com/
Information on our website does not constitute a part of this press release.
Cautionary Statement Regarding Forward-Looking Statements
The information in this press release contains forward-looking statements and information. The words "anticipates," "believes," "estimates," "expects," "intends," "may," "plans," "projects," "will," "should," "could," "predicts," "potential," "continue," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements that we make.
The forward-looking statements are applicable only as of the date on which they are made, and we do not assume any obligation to update any forward-looking statements. All forward-looking statements in this document are made based on our current expectations, forecasts, estimates and assumptions, and involve risks, uncertainties and other factors that could cause results or events to differ materially from those expressed in the forward-looking statements. In evaluating these statements, you should specifically consider various factors, uncertainties and risks that could affect our future results or operations.
These factors, uncertainties and risks may cause our actual results to differ materially from any forward-looking statement set forth in the reports we file with or furnish to the Securities and Exchange Commission (the "SEC"). You should carefully consider these risk and uncertainties described and other information contained in the reports we file with or furnish to the SEC before making any investment decision with respect to our securities. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by this cautionary statement.
View original content to download multimedia:https://www.prnewswire.com/news-releases/star8-corp-announces-merger-with-tomahawk-srl-302340212.html
SOURCE Star8 Corp
FAQ
What are the terms of Star8 Corp's (STRH) merger with TOMAHAWK SRL?
How many EV motorcycle models does TOMAHAWK SRL currently produce?
When did TOMAHAWK SRL begin production of their EV motorcycles?
What markets will Star8 Corp (STRH) expand into after the TOMAHAWK merger?
What regulatory approvals does TOMAHAWK SRL have for their motorcycles?
