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Tuesday, January 25, 2022

Freedom Holdings Inc (OTCMKTS: FHLD) Soars on LOI to Acquire Blockchain-Based Asset Management Player Carbon Zero Asset Management

Freedom Holdings Inc (OTCMKTS: FHLD) skyrocketed up the charts on Wednesday after the Company announced it has signed a binding letter of intent to acquire Carbon Zero Asset Management, Inc., a blockchain-based Asset Management Company shifting the Company’s focus into building a Ethereum-based Blockchain platform. FHLD opened trading on the day at $0.36 and ran to highs of $1.98 per share on the news. 

Reverse merger SPACS can be more explosive than biotech’s when the incoming Company has real value but is undiscovered to investors and many RM stocks, we have covered on this website have gone from pennies to dollars. FHLD has proven no exception to this rule already making huge moves since announcing it was moving into the blockchain-based Asset Management space. 

Freedom Holdings Inc (OTCMKTS: FHLD) operating out of Ossian, Indiana, is a holding company focusing on identifying developing opportunities. The Company’s objective is to acquire undervalued assets and initiate operations in underserved niches. Once established within the FHLD portfolio, the Holding Company will provide the support necessary to maximize its subsidiaries’ business opportunities.  

Earlier this month FHLD engaged the independent auditing firm BF Borgers CPA PC as its PCAOB audit firm moving forward. At that time the Company stated they are in substantive discussions with major financial services company and in preparation of this anticipated acquisition felt it necessary to increase access to a different audit firm who has also been engaged by the acquisition target in its anticipated entry into the public markets.  

The stock took off after the Company announced on December 29 it has signed a binding letter of intent to acquire Carbon Zero Asset Management, Inc., a blockchain-based Asset Management Company. The acquisition shifts the Company’s business focus into building a Ethereum-based Blockchain platform, in a rapidly growing digital economy. Under the terms of the agreement, FHLD will acquire 100% of the issued and outstanding shares of COzero in common stock for common stock exchange with COzero becoming a wholly owned subsidiary of FHLD.  

According to the 8k FHLD entered into a Binding Letter of Intent in which the Company shall acquire equity interests consisting of an aggregate of 10,000 shares of common stock of Carbon Zero Asset Management, Inc, representing 100% of the issued and outstanding securities of Carbon. Upon the consummation of the Acquisition, COzero will become a wholly owned subsidiary of FHLD subject to adjustment based on FHLD’s due diligence review, any third-party valuation reports of the Company that COzero agrees to provide with any adjustment to terms to be set forth in the Definitive Agreement, with the intent to operate the Company as a wholly owned subsidiary of FHLD. The Purchase Price shall be paid with 311,672,730 shares of common stock of FHLD, par value $0.0001 shall be issued to COzero shareholders. 

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The COzero is a brand-new and one-of-a-kind Ethereum-based token that allows any citizen throughout the world to join the battle against climate change. Blockchain technology will allow fractional ownership of carbon credits, making them available to the smallest polluter. This will allow companies and individuals that ability to offset their carbon footprint by paying business and landowners that capture or reduce CO2. According to the OECD, fixing climate change will require more than US$100 trillion between now and 2030. The Paris Agreement has opened up $23 trillion in climate-smart investment opportunities.  

Stamford Connecticut-based Carbon Zero Asset Management, Inc. intends to complete strategic M&A transactions to complement and enhance organic growth and has several potential M&A candidates in its pipeline. Through the roll-up of companies engaged in various aspects of Asset Based Block-Chain Tokens, COzero Asset Management, Inc. intends to develop a suite of asset-based products.  

Brian K. Kistler, CEO of FHLD, said, “We are pleased to achieve this significant milestone for the Company and our shareholders. I’m further excited to join forces with COzero Asset Management, Inc. ‘s management team, which has a proven history in building successful businesses in the Blockchain Technology. The new direction for the Company will create a digital economy powerhouse driven by proven technology, in the growing global environmentally friendly industry.”  

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FHLD skyrocketed up the charts on Wednesday after the Company announced it has signed a binding letter of intent to acquire Carbon Zero Asset Management, Inc., a blockchain-based Asset Management Company shifting the Company’s focus into building a Ethereum-based Blockchain platform. FHLD opened trading on the day at $0.36 and ran to highs of $1.98 per share on the news. Reverse merger SPACS can be more explosive than biotech’s when the incoming Company has real value but is undiscovered to investors and many RM stocks, we have covered on this website have gone from pennies to dollars. FHLD has proven no exception to this rule already making huge moves since announcing it was moving into the blockchain-based Asset Management space. We will be updating on FHLD when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with FHLD.

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Disclosure: we hold no position in FHLD either long or short and we have not been compensated for this article.

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2 COMMENTS

  1. Your article states that Freedom Holdings is doling out 300,000 shares for Carbon. But the 8k states it’s over 300 million shares. Is there a conversion going on that I am not aware of? There is a huge discrepancy here.

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