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Global Boatworks Holdings (OTC PINK:GBBT) announced a definitive Share Exchange Agreement with R3 Score Technologies, acquiring over 94% of its common stock for 147 million shares of Global's stock. R3 Score's stakeholders now hold over 90% of Global shares, making R3 the surviving entity. The company will change its name to R3 Score Technologies and aims to up-list to the OTCQB tier, enhancing visibility. R3 Score provides AI-driven risk models to improve credit access for those with arrest records. A detailed report will be filed with the SEC.
Global Boatworks Holdings (OTC PINK: GBBT) has signed a Share Exchange Agreement to acquire an initial 94% of R3 Score Technologies. This acquisition allows Global to strengthen its position in a growing market that addresses the needs of over 70 million Americans with arrest or conviction records. The move will redefine Global's business model and operations, transitioning to focus on R3 Score's alternative credit scoring solutions.
The company plans to rename itself to R3 Technologies Holdings Inc. upon completion of the acquisition.