Hypercharge Networks agrees to buy REVS Charging for up to USD 4.75 million

Bitget2026/09/29 11:33

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Hypercharge Networks agreed to buy Texas-based REVS Charging, valuing it at up to USD 4.75 million; closing expected Oct. 1, 2026.
Consideration includes USD 3 million in common shares at C$ 0.23, USD 500,000 cash, deferred shares up to USD 1.25 million.
Deferred tranches hinge on gross profit milestones of USD 850,000, USD 1.2 million, USD 2 million over three years.
Deal adds a U.S. operating base; REVS reports over C$ 1 million annual charging and services revenue at over 45% gross margin.
REVS brings more than 500 owned Level 2 ports, about 700 customer-owned ports; REVS CEO David Aaronson to lead the U.S. subsidiary.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hypercharge Networks Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609290730PRIMZONECNPR____9835904) on September 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Hypercharge Networks agrees to buy REVS Charging for up to USD 4.75 million

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