Spark Plug Chargers
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Intellabridge Poised to Acquire Spark Plug, Boosting Sustainable Infrastructure
Intellabridge (KASH) has signed a non-binding LOI to acquire 70% of Spark Plug Chargers, an EV infrastructure developer, via a new U.S. subsidiary. The deal, pending due diligence, definitive agreements, and Spark Plug’s seed financing, would be paid with Intellabridge shares. Key Spark Plug personnel are expected to stay. Intellabridge aims to integrate its technology with Spark Plug’s platform, expanding into the EV sector. The LOI is subject to approvals, and final terms will be detailed in definitive agreements.
