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BRIEF-Globalive Technology to Pursue Two-Party Reverse Takeover Transaction with Yooma Corp

Published 2020-09-22, 09:45 a/m
© Reuters.
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Sept 22 (Reuters) - Globalive Technology Inc LIVE.V :

* GLOBALIVE TECHNOLOGY TO PURSUE TWO-PARTY REVERSE TAKEOVER TRANSACTION WITH YOOMA CORP.

* GLOBALIVE TECHNOLOGY INC - PARTIES ARE CONTINUING TO NEGOTIATE MORE DETAILED, DEFINITIVE AGREEMENTS

* GLOBALIVE TECHNOLOGY INC - SOCATI LETTER HAS BEEN TERMINATED, EFFECTIVE TODAY

* GLOBALIVE TECHNOLOGY - OTHER LEGAL, BUSINESS & ECONOMIC TERMS OF TRANSACTION HAVE NOT BEEN CHANGED

* GLOBALIVE TECHNOLOGY - YOOMA LETTER AMENDED, TO REMOVE ANY CONDITIONS OR OTHER TERMS RELATING TO SOCATI'S PARTICIPATION IN DEAL CONTEMPLATED BY LETTER

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