M&A - PEGASUS TEL, INC.

Form Type: 8-K

Filing Date: 2025-02-03

Corporate Action: Acquisition

Type: New

Accession Number: 000101738625000007

Filing Summary: On February 3, 2025, Pegasus Tel, Inc. filed a Form 8-K to report that in January 2025, it entered into a non-binding, non-definitive Letter of Intent (LOI) with Red Beryl Mining Company, Inc. The LOI outlines a strategic transaction whereby Red Beryl intends to acquire the control block of Pegasus and contribute certain assets or operations. The proposed transaction is contingent upon further negotiations, due diligence, and approvals from respective boards, with no guarantees that a definitive agreement will be finalized or that the transaction will be completed. Additionally, Pegasus is considering options for future reporting on the OTC Markets.

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