Innovative Hold Stock Price, News & Analysis

Innovative Holdings Alliance, Inc. (OTC PINK: IHAI) is a dynamic company specializing in the acquisition and development of cutting-edge technologies with a focus on global battery power management and energy optimization. Headquartered in Alpharetta, GA, the company's core business revolves around enhancing electric vehicle (EV) battery management and control systems.

In a significant move, IHAI announced the execution of a non-binding Letter of Intent with Premergy, Inc. on December 5, 2023, aimed at acquiring Premergy's assets. Premergy is renowned for its patented technology in the EV battery management industry. This acquisition was finalized on January 18, 2024, under an Asset Purchase Agreement dated December 30, 2023. IHAI issued 30,000,000 shares of its common stock to Premergy shareholders and assumed certain liabilities, thereby acquiring all of Premergy's assets, including 20 patents on battery recharging technology.

Post-acquisition, Richard Botts, Premergy's founder and inventor, joined IHAI as Chief Technology Officer, while William Hayde stepped in as the Chief Executive Officer following the resignation of M. Chris Winter. This strategic acquisition is expected to bolster IHAI's capabilities in providing innovative solutions across various sectors by leveraging Premergy's advanced battery management systems that address critical issues like vehicle range and battery thermal stress.

With a forward-looking approach, IHAI is committed to expanding its footprint in the technology development sector, focusing on sustainable energy solutions and optimizing battery performance. The company continues to explore new partnerships and projects that align with their vision of driving technological advancements in the energy sector.

For more information, visit Premergy, Inc.