World Health Energy Holdings, Inc. completed the acquisition of a 26% stake in CrossMobile Sp.z o.o for PLN 19.8 million.
June 21, 2022
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World Health Energy Holdings, Inc. (OTCPK:WHEN) signed a letter of intent to acquire a 26% stake in CrossMobile Sp.z o.o. on January 12, 2022. World Health Energy Holdings, Inc. (OTCPK:WHEN) entered into an agreement to acquire a 26% stake in CrossMobile Sp.z o.o. on March 22, 2022. After the acquisition of 26% interest in CrossMobile, the WHEN Group will have an option to ultimately acquire controlling interest.
World Health Energy Holdings, Inc. (OTCPK:WHEN) completed the acquisition of a 26% stake in CrossMobile Sp.z o.o. for PLN 19.8 million on June 22, 2022. Under the terms, World Health Energy Holdings will issue 10,000,000,000 restricted shares. In addition, through January 22, 2024, the WHEN has the option to purchase additional shares of CrossMobile, such that following such additional purchase, the WHEN shall hold approximately 51 % of CrossMobile's outstanding share capital on a fully diluted basis. Gaya Rozensweig, a director at World Health Energy Holdings will join CrossMobile's board of directors. Tromer, the chief executive officer of CrossMobile was appointed to the World Health Energy Holdings's advisory board in February 2022. Brightman Almagor Zohar & Co. acted as accountant to World Health Energy Holdings, Inc. (OTCPK:WHEN).
World Health Energy Holdings, Inc. is a holding company comprised of CrossMobile Sp z o.o., Instaview ltd, RNA Ltd, and SG 77, Inc. The Company is primarily engaged in the global telecom and cybersecurity technology field. Its product offerings are comprised of three segments: Cyber Care, AI-based image processing systems, and Mobile telecom GSM. Its business-to-business (B2B) Cybersecurity system software development and implementation program focuses on developing threat management software that provides solutions for the constantly evolving cyber challenges of businesses, non-governmental organizations (NGOâs) and governmental entities. Its business-to-consumer (B2C) System offers a solution which is designed to enable parents wishing to observe their childrenâs online behavior to learn if they are accessing inappropriate websites and content and/or to protect them from a range of threats including cyberbullying, pedophiles and other predators and identity theft.
WORLD HEALTH ENERGY HOLDINGS, INC. 
