Pervasip Corporation (OTCPK:PVSP) entered into letter of intent to Artizen Corporation from Artizen Asset Management LLC on June 3, 2021. Pervasip intends to acquire 100% of Artizen or 800,000 shares of a newly-designated restricted preferred stock. No reverse-splits or other changes to the Company's existing share structure shall occur for the three years after closing, unless otherwise approved by a vote of the Company's shareholders. The Company's pre-existing subsidiaries and operations will be transferred to the Company's designee at closing. The transaction is expected to close on or before July 31, 2021.

Pervasip Corporation (OTCPK:PVSP) completed the acquisition of Artizen Corporation from Artizen Asset Management LLC on September 1, 2021.