Stocks in play: Avila Energy Corp
Announces the signing on January 24, 2023 of a preliminary non-binding Letter of Intent with Insight Acquisition Corp., a Delaware corporation and a Special Purpose Acquisition Company, pursuant to which IAC has agreed to combine with the Company in a transaction that assumes an enterprise value of the combined company of U.S. $185,280,000 and will result in the combined company being publicly listed for trading on a major stock exchange in the United States, subject to exchange approval. Avila Energy Corp shares C.VIK are trading unchanged at $0.25.
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