AgriSolar Solutions (OTCPK:AGSO+9.5%) entered into a merger agreement with APE Titan NRG, a wholly owned subsidiary of Titan NRG Partners.
Under the terms of the merger, AgriSolar will be the surviving corporation, and it will change its name to Titan NRG.
The officers will remain the same with Alex R. Majalca Jr. as the President and Chief Executive Officer, and Henry Varga as the Secretary/Treasurer and Chief Financial Officer of the Company. Ginger Cunningham will be added to the board of directors.
Post the merger, the surviving company will operate as a holding company for the following subsidiaries of Titan NRG: NRG Dynamics, APE Fuels, Vespene, and NRG Rail.
The company’s post-merger operations, through its subsidiaries, will be as a downstream energy and transportation company.