TAP Real Estate Extends Zermatt Resort Acquisition Option by 90 Days
RWAX filed a M&A and Partnerships on light trading volume (0.2× avg).
Summary
TAP Real Estate Technologies has extended its option to acquire the Zermatt Resort by an additional 90 days. This follows the initial option agreement announced in an 8-K on March 30th. The extension indicates the company is continuing its due diligence and negotiations for the potential acquisition. For a company facing severe financial distress and a 'going concern' warning, the progress of this significant transaction is important.
At the time of this announcement, RWAX was trading at $0.00 on OTC in the Real Estate & Construction sector, with a market capitalization of approximately $12.1M. The 52-week trading range was $0.00 to $0.00. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.