GRILLiT Inc. Announces the signing of an LOI to merge with Primior
The merger is intended to create a diversified holding company in the business of creating value for shareholders through investing in and acquiring businesses that are innovative, have a responsible approach to risk management, and offer tangible solutions to global challenges.
These are the principles that
The merger will allow
"This strategic shift marks a pivotal moment for
The LOI outlines the key terms of the proposed merger, which values Primior at 30M and is expected to close in the late 3rd Quarter of 2024.
About Primior
Primior is an innovative real estate private equity investment firm established in 2012, headquartered in Newport Beach. It manages over
About
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This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by the use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimates," "projects," and "intends," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, the Company's ability to successfully execute its expanded business strategy, including by entering into definitive agreements with suppliers, commercial partners, and customers; general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technical advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, regulatory requirements and the ability to meet them, government agency rules and changes, and various other factors beyond the Company's control.
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