Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

Subsequent Events
6 Months Ended
Jun. 30, 2021
Subsequent Events  
Note 9. Subsequent events

Note 9. Subsequent Events


During July 2021, the Company issued 15,772 shares of common stock in exchange for services.


On July 29, 2021, the Company issued 27,500,000 shares of common stock pursuant to a Securities Purchase Agreement with Camber for an aggregate purchase price of $11,000,000 (see Note 1)


On August 6, 2021, the Company acquired approximately 60.5% of the issued and outstanding shares of Simson-Maxwell Ltd. (“Simson”), a Canadian federal corporation, for a cash purchase price of approximately $8 million. Simson is a leading manufacturer and supplier of industrial engines, power generation products, services and custom energy solutions. Simson has seven branch locations and services over 4,000 maintenance contracts.