- RevoluGROUP (REVO) has concluded documentary due diligence for its ongoing equity investment talks
- The talks concern a potential equity acquisition by a European financially regulated entity allied to a U.A.E.-based financial consultancy firm
- RevoluGROUP has also integrated ameliorated anti-money laundering and know-your-customer screening in anticipation of entering numerous new world markets
- CEO Steve Marshall spoke with Sabrina Cuthbert about the news
- RevoluGROUP Canada deploys advanced technologies in banking, mobile apps, money remittance, cross-border forex payments and blockchain systems, among others
- RevoluGROUP Canada (REVO) is up by 4.84 per cent, trading at $0.325 per share
RevoluGROUP (REVO) has concluded documentary due diligence for its ongoing equity investment talks.
Documentary due diligence refers to the petitioning and study of corporate documentation and public disclosures between the parties.
The companies signed an updated term sheet addendum on November 4, 2022, defining a potential equity acquisition by a European financially regulated entity allied to a U.A.E.-based financial consultancy firm.
The agreement may result in a change of control of the company.
The parties intend to finalize preliminary due diligence and analysis by November 28, 2022.
The completion ahead of schedule of documentary due diligence bodes well for the projected timeframe and positive advancement of the talks.
RevoluGROUP has also integrated ameliorated anti-money laundering and know-your-customer screening in anticipation of entering numerous new world markets:
- It expects Phase 2 countries to gradually come on stream over the short term
- The integration will also allow for a planned alliance with a prominent Canadian online foreign exchange entity, as well as the upcoming launch of North American automated clearing house transactions and settlements within the RevoluPAY payment app and all corporate revenue verticals
CEO Steve Marshall spoke with Sabrina Cuthbert about the news.
RevoluGROUP Canada deploys advanced technologies in banking, mobile apps, money remittance, cross-border forex payments and blockchain systems, among others.
RevoluGROUP Canada (REVO) is up by 4.84 per cent, trading at $0.325 per share as of 11:50 am ET.
