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DLT Resolution Inc. (OTC:DLTI) announced the termination and rescission of a share purchase agreement with Global Motor Trade International LLC, WEC International LLC, SJ Auto Trade LLC, Global Motor Trade LLC, and sellers Charles Bronfman and Abdul Matin Moosa. According to a press release statement and a Form 8-K filed with the Securities and Exchange Commission, the agreement was formally ended on April 14, 2025.
Under the Termination and Rescission Agreement, the ownership of the LLCs will remain with the original sellers, and no interest in these entities will transfer to DLT Resolution . The sellers have agreed to return all 6,013,000 shares of DLT Resolution common stock that were previously issued as part of the share purchase agreement dated March 11, 2024.
Both DLT Resolution and the sellers have mutually released each other from any claims, liabilities, or obligations related to the original share purchase agreement. The company filed the full text of the termination agreement as an exhibit to the Form 8-K.
This information is based on a press release statement and DLT Resolution’s Form 8-K filing with the SEC.
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