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KloudGaze, Inc. Enters Into An Asset Purchase Agreement, The Newest Tech Unicorn Is Born In Minnesota
January 18, 2021 GMT
KloudGaze, Inc. Enters Into An Asset Purchase Agreement, The Newest Tech Unicorn Is Born In Minnesota
KloudGaze, Inc. Enters Into An Asset Purchase Agreement, The Newest Tech Unicorn Is Born In Minnesota
MINNEAPOLIS - January 18, 2021 - ( Newswire.com )
Minnesota based early-stage software startup KloudGaze Inc. has finalized an agreement with a publicly listed company named Life On Earth Inc., (OTC: LFER) in an all stock transaction.
KloudGaze was founded by Aditya Sharma, who is the majority shareholder of the Company. KloudGaze, Inc. is the second software company founded by Aditya Sharma. Explaining the rationale of the deal, Aditya Sharma says, “The pandemic has taught founders to think outside the box in order to meet their growth requirements. The traditional Venture Capital options for smaller companies is not the only option available. We chose to become part of a publicly listed company because the markets are valuing companies in our industry a lot more favorably than before. We felt that time to be part of a public company was now instead of several years down the road.”