QualityStocksNewsBreaks – 665 Energy, Inc. (SSOF) Executes LOI with 10sion Holdings, Inc.
Holding company 665 Energy (OTC: SSOF), formerly Sixty Six Oilfield Services, Inc., has executed a Letter of Intent (“LOI”) for certain assets to be acquired for cash and stock by 10sion Holdings, Inc., and confirms that SSOF supports 10sion’s S-1 filing with the Securities and Exchange Commission (“SEC”) on October 29, 2018. The LOI and S-1 mark the first step of a two-step acquisition process. Per the LOI, 10sion intends to purchase 665 Energy’s Fluid End Sales for an agreed sum of $10.5 million plus equity. 10sion will also provide equity and debt capital for Fluid End to complete its…
