Freedom Holdings Inc.
01/31/2025 | Press release | Distributed by Public on 01/31/2025 08:56
Material Agreement (Form 8-K)
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On January 25, 2025, Freedom Holdings, Inc. dba The Awareness Group (the "Company" or "FHLD" or "TAG") entered an Equity Purchase Agreement (the "Agreement") with Renewable Energy Products Manufacturing Corp. ("REPM") pursuant to which the Company acquired (i) a 51% ownership interest in REPM; and (ii) an option to acquire the remaining 49% within the next twelve months, subject to REPM having at least $250,000 in EBITDA. As consideration for its purchase, TAG is onboarding REPM onto its platform, has agreed to assume REPM's operating expenses, and is integrating REPM into TAG's operations (the "Onboarding Plan"), which includes:
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Payment of the Company's operating expenses incurred between January 25, 2025, and the Closing Date; |
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Providing capital needed to pay Company's monthly operating expenses; |
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Implementation of all TAG Programs into the Company; |
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Executive business acumen; |
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Proprietary Growth Strategies; |
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Necessary Human Capital, including the retention of all current Company employees and the provision to the Company of sufficient administrative support to facilitate, process, fund, and implement all projects sold by Company; |
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Provision of all Shared Services to Company, including but not limited to Marketing, Human Resources and Accounting; and |
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Placement in TAG Grid to promote additional Business Opportunities. |
The acquisition of REPM will enable TAG to accelerate its commercial solar strategy. Its expertise will enhance our business development, lead generation and sales capabilities, while its state-of-the-art technology and innovative approaches will further TAG's sustainability efforts and technological advancements in the commercial space. Acquiring REPM represents a significant milestone in our mission to lead the transition to a sustainable energy future. REPM's innovative approach to solar energy solutions complements our existing portfolio and strengthens our ability to deliver comprehensive renewable energy projects under the TAG GRID.
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About REPM
REPM, headquartered in Collingswood, New Jersey, brings 44 years of combined energy experience. Its comprehensive services include funding, maintenance and monitoring for residential, commercial and non-profit sectors. The company has a proven track record with over 1,000 installations across 16 states contributing to a total of 2 gigawatts of solar power.