Blue Gold International Limited cancelled the acquisition of Hawkeye Systems, Inc. (OTCPK : HWKE) in a reverse merger transaction.
September 08, 2022
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Blue Gold International Limited entered into a Letter of Intent to acquire Hawkeye Systems, Inc. (OTCPK : HWKE) in a reverse merger transaction on July 6, 2022. The shareholders of Blue Gold International Limited will hold upward of 95% of Hawkeye post-acquisition. In support of the transaction the Company appointed Christopher Mulgrew and James Kerby to the Board of Directors of Hawkeye. During the due diligence period, Hawkeye intends to complete a 1 for 10 reverse stock split and change the company name and ticker symbol. There will be a rebranding of the Company, finalization of the go-to-market plan, recruitment of a new management team, and further modification to the Board of Directors. The transaction is subject to due diligence and definitive documentation and is expected, by all parties, to close by October 31, 2022.
Blue Gold International Limited cancelled the acquisition of Hawkeye Systems, Inc. (OTCPK : HWKE) in a reverse merger transaction on September 9, 2022. Transaction was terminated due to the inability to get to agreement on closing conditions.
Hawkeye Systems, Inc. seeks to acquire, merge or consolidate with another company (a target business). The Company is pursuing opportunities to invest in, acquire, merge or consolidate with a target business participating in diversified industries, such as affordable housing development, and technology applications to mitigate the effects of climate change.