SPYR Inc. (SPYR) Begins Actualizing 2022 Expansion Plans with Entry into Material Definitive Agreement to Acquire GeoTraq, Inc.
Earlier this year, SPYR announced its acquisition and expansion plans for this year that involved possible acquisitions of two companies In a recent announcement, the company reported it had entered into a material definitive agreement to acquire one of the two targets: GeoTraq, Inc. GeoTraq develops and manufactures 100% self-contained, fully-integrated, ultra-small, plug-and-play mobile IoT modules that consume low power The acquisition positions SPYR to tap into the growing cellular IoT market and cellular IoT module space Upon completing the acquisition, SPYR will have two subsidiaries In a late March announcement, technology company SPYR (OTCQB: SPYR), dba SPYR Technologies, which,…