QualityStocksNewsBreaks – Spectrum Global Solutions, Inc. (SGSI) Enters Definitive Agreement of Merger with WaveTech Global
Leading telecommunications engineering and infrastructure services provider Spectrum Global Solutions (OTCQB: SGSI) this morning announced its entry into a definitive agreement of merger with WaveTech Global Inc., a global next-generation technology platform company. WaveTech specializes in mobile network microservices, critical power management and efficiency, asset lifecycle extension, data-analytics, intellectual property development and implementation services. According to the update, the consolidated merged entity shall have an enterprise value of $130 million upon completion of the merger, effected through a sale and exchange of shares and cash, and acquisition of WaveTech and all of its assets and subsidiaries. In accordance with the…