Standard Vape Corp.: Standard Vape Shareholders Approve Acquisition
LOCUST VALLEY, NY / ACCESSWIRE / March 15, 2021 / Standard Vape Corporation (OTC PINK:SVAP); (the "Company" or "SVAP") announced today that 76.3% of the shareholders of Standard Vape Corporation had voted to acquire the two subsidiaries of FF24 Holding AG. The consummation of the transaction with Fast Finance 24 Holding AG ("FF24 Holding") is pending the registering changes of ownership of the two German companies' shares with the administrative court ("Amtsgericht") in Germany, which is expected to take in the region of two weeks.
The two subsidiaries of FF24 Holding are both private companies with limited liability organized under German law and active in the FinTech space: FF24 Merchant Services GmbH ("ff24payments.com") and FF24 Ventures GmbH ("ff24pay.com"). Further information on the businesses being acquired by SVAP is given below.