DLT Resolution Inc 8-K, filed Mar 6, 2024
DLT Resolution Inc. (DLTI)
About this 8-K
DLT Resolution Inc filed this 8-K on March 6, 2024, reporting on events of March 2, 2024.
Items reported
- Item 2.01: Completed an acquisition or sale of assets
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
Item 2.01 Completion of Acquisition or Disposition of Assets.
On March 2, 2024 DLT Resolution Inc. (or “The Company”) acquired an additional 22.15% of the issued capital of Ontario Canada’s Ciscom Corp. becoming the largest shareholder with 42.05% of Ciscom Corp.
The Company issued 11,421,401 restricted common shares in the acquisition.
Ciscom Corp. operates as a Canadian holding company, managing two entities in the Information and Communication Technology (ICT) sector. The company primarily focuses on acquiring substantial SMEs with proven profitability records, making them attractive targets for entrepreneurs seeking equity, transition, or lacking a defined succession plan.
Ciscom on gross revenues of CAD $35,000,000, (Unaudited), a EBITDA (non-normalized) of $950,000 is expected for the period ended December 31, 2023.
Ciscom Corp. is publicly traded and listed on the Canadian Securities Exchange as well as the US OTCQB Market. symbols (CSE:CISC)(OTCQB:CISCF) respectively.
The information in this report and the exhibits hereto may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Such statements are made based on the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties. Actual results or events may differ from those anticipated by forward-looking statements.
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Signature(s)
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
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Date: March 06, 2024 | By: | /s/ Drew Reid |
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| Name: | Drew Reid |
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| Title: | President and Chief Executive Officer |
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