WaveTech Global Inc. signed a letter of intent to acquire InterCloud Systems, Inc. (OTCPK:ICLD) in a reverse merger transaction on December 21, 2018. In connection with the merger, it is anticipated that the original WaveTech security holders will receive between 93% and 95.5% of the outstanding shares of the combined company, depending on the relative amount of outstanding liabilities of the parties at closing. Upon closing, WaveTech will become a wholly owned subsidiary of InterCloud and the Post-merged, company intends to list on the NASDAQ exchange under the name Wavetech Global,Inc. InterCloud will file to complete a reverse stock split before the merger closes. The merger is subject to satisfaction of various closing conditions and is expected to close in early 2019. BV Advisory Partners is acting as advisor to the transaction.