OTCPicks Featured Company: Techalt, Inc. (TCLT.PK) Signs Agreement and Plans a Merger for the Acquisition of EV Parts, Inc.
Techalt, Inc. (OTC: TCLT) recently announced that it has come to an agreement and plan of merger with EV Parts, Inc. As a result of the merger, EV Parts will become a wholly-owned subsidiary of the company. EV Parts, Inc. is a leading online supplier of electric vehicle parts and components. Techalt, Inc. was up 500.00% on Tuesday. Within the terms of the merger agreement, the shareholders of EV Parts will exchange 100% of their stocks for shares of Techalt. Techalt will be rendering EV Parts with $300,000 for working capital, which is necessary for the merger to close by…