Cavitation Technologies, Inc. Announces Definitive Agreements with BrightFlixx Finance (Luxembourg) S.A. for Aggregate Proposed Cash Consideration of $42 Million
Cavitation Technologies, Inc. (OTCQB: CVAT) announced definitive purchase agreements with BrightFlixx Finance (Luxembourg) S.A. for aggregate cash consideration of $42 million ($35 million for CVAT and $7 million for Alchemy Beverages, Inc.). The new agreements replace prior agreements with European Guarantee Services and involve the same financing institution, Bright Wealth Banking. The tender offers are expected to commence following required SEC filings.