Rogue Station Companies, Inc. (OTC Pink: RGST) is a Delaware corporation that is currently setup as a “mini SPAC.” Shares of the mini SPAC skyrocketed nearly 180% during trading on Monday, November 8, 2021. Over the past thirty days, Rogue Station Companies has seen average daily volume of 264,755 shares. However, volume of 1.93 million shares or dollar volume of $965,502, exchanged hands during trading on Monday.
Shares of Rogue Station Companies surged Monday, after the company announced that it has entered into comprehensive purchase, sale, and exchange agreements with Everdime Technologies, Inc., serving as a follow up to the original letter of intent, which was announced in mid-October 2021. Under the terms of the current agreements, Everdime shareholders and financial partners will purchase or be issued shares equivalent to 80% control of Rogue Station Companies.
Rogue Station Companies and Everdime will settle all of the shell’s outstanding debt by utilizing stock and Everdime tokens. The tokens are estimated to be created on the blockchain some time in the next 180 days. Overall, both sides estimate the final merger agreements to be executed on or before December 15, 2021.
Sandor Miklos, CEO of Everdime, stated, “John Conroy and his team have done a great job putting together a clean, well-structured mini-SPAC; it fits our ‘going public’ needs perfectly. We’re saving months and satisfying all our biggest funding partners’ requirements. For us, this is “go time” and we’re excited about launching our Everdime token and related affinity-based and social media influencer “custom coins” and NFTs. We’ve had incredible response to our initial proof of concept presentations; we can now devote our attention to meeting our expected customer needs. Everdime expects to bring social influencers, organizations and sports teams to its great platform, allowing them to monetize their success and us to participate in multiple income streams.”
Disclosure: Neither Spotlight Growth nor its officers have any position or relationship with any companies mentioned in this article. No payment was made to create this article. This article should not be taken as a solicitation or recommendation to buy or sell any securities. Please conduct your own research and consult your financial advisor to determine your risk tolerance and investment path. We are not licensed brokers or investment advisors.