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Eco Innovation Group Announces Letter of Intent to Merge with WRA Holdings, Inc., Advancing Costa Rica Infrastructure and Environmental Redevelopment Initiatives
Eco Innovation Group Announces Letter of Intent to Merge with WRA Holdings, Inc., Advancing Costa Rica Infrastructure and Environmental Redevelopment Initiatives.
About this update from Eco Innovation Group, Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n Eco Innovation Group Announces Letter of Intent to Merge with WRA Holdings, Inc., Advancing Costa Rica Infrastructure and Environmental Redevelopment Initiatives \r\n \r\n \r\n\r\n\r\nEco Innovation Group Announces Letter of Intent to Merge with WRA Holdings, Inc., Advancing Costa Rica Infrastructure and Environmental Redevelopment Initiatives \r\n\r\n\r\n\r\n\r\n\r\nNORTHRIDGE, CA / ACCESS Newswire / November 7, 2025 / Eco Innovation Group, Inc. (\"ECOX\" or the \"Company\"), today announced that it has executed a non-binding Letter of Intent (LOI) with WRA Holdings, Inc. (\"WRA\") to pursue a share-exchange merger under which WRA's operating business will merge into ECOX. The proposed transaction will align WRA's expansive infrastructure and environmental redevelopment projects in Costa Rica with ECOX's public-company framework and governance standards.\r\n WRA's master plan includes a national railway and logistics corridor connecting Costa Rica's Costa Rica's northern and Caribbean regions, a new international airport, waste-to-energy facilities, water purification and coastal restoration programs, and regional medical infrastructure. Together, these initiatives are designed to modernize transportation, strengthen trade efficiency, and generate sustainable economic growth across the Caribbean Gateway region.\r\n WRA's initial development phase encompasses two major projects representing approximately $800 million in planned infrastructure investment and an estimated $3 billion in projected gross revenues during the first five years of operation. These include a waste-to-energy facility in Abangares and a 50% participation interest in the Pacífico Railway Line, both forming integral components of Costa Rica's broader $3.8-$5 billion national rail and environmental redevelopment program.\r\n \"This merger marks an important new chapter for Eco Innovation Group,\" said Richard Hawkins, CEO of Eco Innovation Group. \"WRA's vision represents a significant leap forward for Costa Rica's connectivity, energy resilience, and community development. It's exciting to watch ECOX enter this next phase of growth as we help enable WRA to realize its transformative infrastructure goals.\"\r\n Cornel Alvarado, President and CEO of WRA Holdings, Inc., added, \"Taking WRA public is a pivotal moment in our journey. It ope...