PITTSBURGH, PA, May 31, 2024 (GLOBE NEWSWIRE) —Himalaya Technologies (OTC: HMLA), a premier technology development company, today announced it has signed a Letter of Intent (LOI) to acquire Mad Hatter Society, Inc., a key player in the Web3 development space.
This strategic acquisition marks a significant expansion for Himalaya Technologies, broadening its digital finance capabilities and enhancing its portfolio of Web3 offerings.
Highlights of the LOI Include:
- Transaction Structure: Himalaya Technologies will acquire 100% of Mad Hatter Society, Inc., subject to specific performance benchmarks pre-closing. This includes all assets such as contracts, customers, proprietary code, and equipment.
- Exclusivity Period: Mad Hatter Society has agreed to a 90-day exclusivity period, during which Himalaya Technologies will conduct comprehensive due diligence. The goal is to close the acquisition within 30 days from the execution of the LOI.
- Future Collaborations: The acquisition is set to leverage Mad Hatter Society’s advanced decentralized technologies alongside Himalaya Technologies’ extensive market reach, including its EverestLPP.com platform, aiming to significantly enhance the liquidity pool funding operations.
Applications Included in the Acquisition:
- Madhattersociety.com
- MadHatterMysteryBox.com
- MadHatterSports.net
- MadHatter.Exchange (Currently in BETA)
- MadHatterMarkets.com
- MadHatterKicks.com
- MadHatterNFTs.com
- Market2Earn.com
- Cliq2win.com
Leadership Statements:
A spokesperson for HMLA commented, “We are thrilled to welcome Mad Hatter Society into our corporate family. This acquisition aligns perfectly with our strategy to innovate and expand within the digital finance arena, and we are excited about the future opportunities this partnership will create.”
Representatives from Mad Hatter Society stated, “Joining forces with Himalaya technologies is a transformative step for our operations, reinforcing our commitment to advancing tokenization of real world assets and digital payment technologies. We anticipate great success as we merge our strengths and develop new paths together.”
About Himalaya Technologies: Listed on OTC: HMLA, Himalaya Technologies is a technology development company dedicated to nurturing and launching innovative projects enhanced by blockchain and AI resources.
About Mad Hatter Society, Inc.: Mad Hatter Society, Inc. is a dynamic Web3 development company with a diverse portfolio of income-producing applications ranging from GameFi and DeFi to expansions in real-life verification technologies.
