Core Viewpoint - NameSilo Technologies Corp. has entered into a definitive share purchase agreement to acquire Reach Systems, a Canadian engineering and manufacturing firm specializing in remote inspection equipment and related technologies [1][2]. Group 1: Acquisition Details - The total purchase price for the acquisition of Reach Systems is $4,500,000, which includes the issuance of 1,939,168 common shares valued at $1.7335 per share, a cash payment of $978,699, and repayment of outstanding shareholder loans amounting to $159,753 [3]. - The shares issued as part of the acquisition will be subject to a hold period of four months and one day from the date of issuance [3]. Group 2: Strategic Implications - The acquisition of Reach Systems is expected to provide immediate synergies with SewerVue, enhancing the company's capabilities in large-diameter pipe inspection technologies [2]. - The integration of Reach Systems will allow NameSilo to offer vertically integrated multi-sensor products and services for remote and challenging applications across various industrial sectors, including oil & gas and national defense [2]. Group 3: Company Background - NameSilo Technologies Corp. focuses on investing in undervalued companies with significant appreciation potential across various industries, excluding resource sectors [5]. - NameSilo LLC, a subsidiary, is recognized as a low-cost provider of domain name registration and management services, managing approximately 6.1 million active domains globally [6].

Core Viewpoint - NameSilo Technologies Corp. has entered into a letter of intent to acquire 100% of Reach Systems Inc. for a total consideration of C$4,500,000 [1][4]. Group 1: Company Overview - NameSilo Technologies Corp. focuses on investing in undervalued companies with potential for significant appreciation, operating in both public and private markets [6]. - Reach Systems Inc. specializes in engineering and manufacturing remote inspection equipment and related systems for various industries including oil & gas and robotics [2][3]. Group 2: Acquisition Details - The acquisition is subject to the completion of a definitive share purchase agreement and due diligence by NameSilo [5]. - The purchase price was determined through arm's length negotiations, with no insider relationships between NameSilo and Reach [4].