NameSilo Technologies Corp. Enters Definitive Share Purchase Agreement to Acquire 100% of SewerVUE Technology Corp.

Core Viewpoint - NameSilo Technologies Corp. has entered into a definitive share purchase agreement to acquire 100% of SewerVUE Technology Corp., a company specializing in large-diameter pipe inspection technology [1][5]. Group 1: Acquisition Details - The acquisition involves a payment of C$2,450,000 to SewerVUE shareholders [5]. - NameSilo will issue 78,750 common shares at a price of $1.40 per share to a third-party finder, with resale restrictions for four months [6]. - The finder will also receive options to purchase 150,000 shares at $1.40 per share for five years [6]. Group 2: SewerVUE Technology - SewerVUE has developed advanced technologies for pipe inspection, including pipe-penetrating radar and multi-sensor inspections [2]. - The company provides critical data for maintaining infrastructure, such as detecting voids, measuring wall thickness, and assessing the remaining useful life of assets [3]. - SewerVUE serves a global clientele, including municipalities, mining corporations, and engineering firms, and is recognized as a leader in multi-sensor inspection technologies [4]. Group 3: Company Background - NameSilo Technologies Corp. focuses on investing in undervalued companies with significant appreciation potential across various industries, excluding resource sectors [7]. - NameSilo LLC is a rapidly growing domain name registrar, managing approximately 5.8 million active domains across around 160 countries [8].