Perpetual Industries Inc. (OTCPK:PRPI) entered into a non-binding letter of intent to acquire Worldwide Group, LLC for $0.13 million on July 3, 2019. In connection with the agreement, Perpetual Industries Inc. issued 2,000,000 shares of Perpetual’s Series B Preferred Stock valued at $200,000 as consideration. The acquisition is contingent on the parties entering into a Purchase Agreement at a later date. In connection with the non-binding letter of intent, Perpetual Industries Inc. agreed to loan Worldwide Group, LLC $0.15 million. Perpetual Industries Inc. (OTCPK:PRPI) completed the acquisition of Worldwide Group, LLC on January 22, 2021. Worldwide will continue to be led by principals Rod Egan and John Kruse and operate independently under the Worldwide Auctioneers brand as a wholly owned subsidiary of Perpetual. The agreement was unanimously approved by Perpetual’s board of directors.