Accredited Solutions to Merge with EVCO, Eyes Nasdaq Listing

Technology holding company Accredited Solutions, Inc. (OTC: ASII) has announced a strategic merger with Everest Consolidator Acquisition Corporation (EVCO) that could transform the company's market position and growth trajectory. The proposed transaction would result in ASII becoming a publicly traded company on the Nasdaq exchange, potentially unlocking significant shareholder value.

Under the terms of the letter of intent, EVCO will acquire 100% of ASII through a share exchange, with ASII shareholders expected to retain approximately 70% ownership of the combined entity. This approach avoids a reverse stock split, ensuring continuity for existing shareholders.

The merger comes at a pivotal time in the special purpose acquisition company (SPAC) market, where many firms have struggled to find suitable merger candidates. This challenging environment has created opportunities for smaller companies like ASII to pursue more cost-effective public listing strategies.

Eduardo Brito, CEO of Accredited Solutions, highlighted the potential strategic advantages of the Nasdaq listing. The move is expected to enhance the company's visibility, credibility, and access to institutional investors. Brito emphasized that the listing could enable cheaper capital acquisition and accelerate the company's growth and acquisition strategy.

The proposed merger reflects ASII's long-term strategic vision in the fintech, blockchain, and digital assets sectors. By partnering with EVCO, the company aims to leverage additional capital markets and create greater value for its shareholders.

The companies anticipate finalizing a definitive merger agreement within 30 days, with a targeted closing within 150 days. The transaction remains subject to customary approvals and regulatory conditions.

This strategic move positions Accredited Solutions to potentially expand its footprint in the rapidly evolving digital financial services landscape, offering a glimpse into the company's ambitious growth plans for the near future.