Intellabridge Considers Acquisition of Spark Plug Chargers Inc. to Enter Electric Vehicle Charging Market
Intellabridge Technology Corporation (KASHF) has signed a Letter of Intent (LOI) to potentially acquire Spark Plug Chargers Inc., a U.S.-based early-stage charge point operator focused on EV charging infrastructure. The proposed acquisition would mark Intellabridge's entry into the electric vehicle charging market, specifically targeting Level 2 destination charging infrastructure.
The transaction remains subject to various conditions, including due diligence, definitive agreement execution, corporate approvals, and regulatory clearances. The strategic move aligns with Intellabridge's mission of investing in sustainable business models while providing Spark Plug access to public market resources to accelerate network deployment.
Intellabridge Technology Corporation (KASHF) ha firmato una Lettera di Intenti (LOI) per l'acquisizione potenziale di Spark Plug Chargers Inc., un operatore statunitense emergente nel settore delle infrastrutture di ricarica per veicoli elettrici. Questa acquisizione rappresenterebbe l'ingresso di Intellabridge nel mercato della ricarica per veicoli elettrici, con un focus specifico sulle infrastrutture di ricarica di livello 2 per destinazioni.
L'operazione è subordinata a diverse condizioni, tra cui la due diligence, la stipula dell'accordo definitivo, le approvazioni societarie e le autorizzazioni regolamentari. Questa mossa strategica è in linea con la missione di Intellabridge di investire in modelli di business sostenibili, offrendo al contempo a Spark Plug l'accesso a risorse di mercato pubblico per accelerare lo sviluppo della rete.
Intellabridge Technology Corporation (KASHF) ha firmado una Carta de Intención (LOI) para la posible adquisición de Spark Plug Chargers Inc., una operadora estadounidense en etapa inicial centrada en la infraestructura de carga para vehículos eléctricos. La adquisición propuesta marcaría la entrada de Intellabridge en el mercado de carga de vehículos eléctricos, enfocándose específicamente en infraestructura de carga de nivel 2 para destinos.
La transacción está sujeta a diversas condiciones, incluyendo la debida diligencia, la ejecución del acuerdo definitivo, aprobaciones corporativas y autorizaciones regulatorias. Esta estrategia se alinea con la misión de Intellabridge de invertir en modelos de negocio sostenibles, al tiempo que proporciona a Spark Plug acceso a recursos del mercado público para acelerar el despliegue de su red.
Intellabridge Technology Corporation (KASHF)는 미국에 기반을 둔 초기 단계 전기차 충전 인프라 운영업체 Spark Plug Chargers Inc.를 잠재적으로 인수하기 위한 의향서(LOI)를 체결했습니다. 이번 인수는 Intellabridge가 전기차 충전 시장에 진출하는 첫걸음으로, 특히 레벨 2 목적지 충전 인프라에 중점을 둔 것입니다.
이번 거래는 실사, 최종 계약 체결, 회사 승인 및 규제 승인 등 여러 조건의 충족을 전제로 합니다. 이 전략적 결정은 지속 가능한 비즈니스 모델에 투자하려는 Intellabridge의 목표와 부합하며, Spark Plug가 공공 시장 자원을 활용해 네트워크 구축을 가속화할 수 있도록 지원합니다.
Intellabridge Technology Corporation (KASHF) a signé une lettre d'intention (LOI) pour l'acquisition potentielle de Spark Plug Chargers Inc., un opérateur américain en phase de démarrage spécialisé dans l'infrastructure de recharge pour véhicules électriques. Cette acquisition marquerait l'entrée d'Intellabridge sur le marché de la recharge des véhicules électriques, en ciblant spécifiquement les infrastructures de recharge de niveau 2 pour destinations.
La transaction est soumise à plusieurs conditions, notamment la due diligence, la signature d'un accord définitif, les approbations d'entreprise et les autorisations réglementaires. Cette démarche stratégique s'aligne sur la mission d'Intellabridge d'investir dans des modèles économiques durables, tout en offrant à Spark Plug un accès aux ressources des marchés publics pour accélérer le déploiement de son réseau.
Intellabridge Technology Corporation (KASHF) hat eine Absichtserklärung (LOI) zur potenziellen Übernahme von Spark Plug Chargers Inc., einem US-amerikanischen, frühphasigen Betreiber von Ladestationen für Elektrofahrzeuge, unterzeichnet. Die geplante Übernahme würde den Eintritt von Intellabridge in den Markt für Elektrofahrzeug-Ladestationen markieren, wobei der Fokus speziell auf Level-2-Ziel-Ladeinfrastruktur liegt.
Die Transaktion unterliegt verschiedenen Bedingungen, darunter Due Diligence, Abschluss eines endgültigen Vertrags, Unternehmensgenehmigungen und behördliche Freigaben. Dieser strategische Schritt steht im Einklang mit Intellabridges Mission, in nachhaltige Geschäftsmodelle zu investieren, und bietet Spark Plug Zugang zu öffentlichen Marktkapitalquellen, um den Netzausbau zu beschleunigen.
- Entry into the high-growth EV charging infrastructure market
- Access to Spark Plug's existing partnerships and early revenue generation
- Strategic focus on underserved Level 2 destination charging market
- Potential for long-term value creation in a rapidly expanding sector
- Transaction is still preliminary with no guarantee of completion
- Early-stage nature of Spark Plug Chargers presents execution risks
- Integration challenges and resource requirements for network expansion
- Competitive pressures in the growing EV charging market
Vancouver, British Columbia--(Newsfile Corp. - May 14, 2025) - Intellabridge Technology Corporation (CSE: KASH) (OTCQB: KASHF) (FSE: KASH), a public company dedicated to building sustainable solutions for positive impact, announced the signing of a Letter of Intent (LOI) with Spark Plug Chargers Inc., a U.S.-based early-stage charge point operator (CPO) focused on the electric vehicle (EV) charging market.
The understanding outlines the preliminary terms of a proposed transaction and is contingent upon a number of conditions, including the completion of due diligence, legal structuring, negotiation and execution of a definitive agreement, corporate approvals, regulatory clearances, and other customary closing conditions.
This proposed acquisition aligns with Intellabridge's core mission and business model to invest in sustainable and impactful business models. By entering the EV charging infrastructure space, Intellabridge would be actively contributing to the transition towards sustainable transportation, a critical component of global climate action. Spark Plug's commitment to providing accessible and reliable charging solutions at everyday destinations empowers EV adoption, making cleaner transportation more convenient for consumers. Spark Plug's focus on providing Level 2 destination charging infrastructure presents a strategic opportunity for Intellabridge to gain early exposure to a growing and high-impact sector.
The EV charging market is currently experiencing rapid expansion, driven by increasing EV adoption and substantial investment in infrastructure. With robust projections for EV adoption, the EV charging market represents a compelling high-growth opportunity for strategic entrants like Intellabridge and Spark Plug.
The potential acquisition is expected to be mutually beneficial, providing Intellabridge with immediate entry into the burgeoning EV charging space and leveraging Spark Plug's established partnerships, early revenue generation, and extensive pipeline of potential partners. For Spark Plug, the acquisition offers access to Intellabridge's resources and public market expertise to accelerate its network deployment and market penetration.
John Eagleton, CEO of Intellabridge, stated, "This LOI reflects our strategic interest in the EV infrastructure space, which we believe is a critical enabler of global climate solutions. Spark Plug's mission complements our commitment to sustainability and social impact, and their innovative approach and strategic focus on the underserved Level 2 destination market make them an ideal partner in advancing our environmental objectives while also tapping into a significant growth opportunity that will create long-term value for our shareholders."
Ethan Cords, CEO of Spark Plug Inc., commented, "We are thrilled to explore this opportunity with Intellabridge, a company whose values and mission resonate deeply with our own., We believe that alignment with a values-driven public company can greatly enhance our ability to grow responsibly and deliver real impact, and represents a significant opportunity to amplify our impact on the adoption of electric vehicles. With Intellabridge's resources and commitment to sustainability, we are confident that we can rapidly scale our network and make EV charging more convenient and accessible for drivers across the United States, contributing to a cleaner and more sustainable transportation ecosystem".
This transaction remains at a preliminary stage, and there can be no assurance that a definitive agreement will be entered into or that the proposed transaction will be completed as currently contemplated or at all. Further information will be disclosed if and when a definitive agreement is executed.
Further details regarding the transaction will be disclosed upon the signing of a definitive agreement and obtaining relevant regulatory clearances as may be applicable.
About Intellabridge:
Intellabridge Technology Corporation (CSE: KASH) (OTCQB: KASHF) (FSE: KASH) is a publicly traded company focused on social and environmental impact, with a long-term vision for a sustainable and thriving future. The company is committed to identifying, scaling, and investing in innovative solutions that contribute to the well-being of both people and the planet, aligning with environmental impact and the United Nations Sustainable Development Goals. Intellabridge currently owns
About Spark Plug Chargers Inc.
Spark Plug is a charge point operator (CPO) focused on building an extensive and reliable network of electric vehicle charging solutions across the United States. Leveraging strategic partnerships and a focus on accessibility and affordability, Spark Plug aims to be the leading charging provider at key destination locations, facilitating the transition to electric mobility.
Forward-Looking Statements:
This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking statements"). The use of any of the words "will", "plan", "on track", "possible", "anticipated" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company does not undertake to update these forward-looking statements, except as required by law.
Media Contact:
ON BEHALF OF THE BOARD of DIRECTORS INTELLABRIDGE TECHNOLOGY CORPORATION, Maria Eagleton, Chief Operating Officer
To contact Intellabridge:
Website: intellabridge.com
Email: maria@intellabridge.com
The CSE does not accept responsibility for the adequacy or accuracy of this release.
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