Business
Eco Innovation Group (ECOX) and WRA Holdings Execute Definitive Agreements; Approximately $700 Million in Project Financing Confirmed in Clearing for Costa Rica Infrastructure Program
Eco Innovation Group (ECOX) and WRA Holdings Execute Definitive Agreements; Approximately $700 Million in Project Financing Confirmed in Clearing for Costa Rica Infrastructure Program.
About this update from Eco Innovation Group, Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n Eco Innovation Group (ECOX) and WRA Holdings Execute Definitive Agreements; Approximately $700 Million in Project Financing Confirmed in Clearing for Costa Rica Infrastructure Program\r\n \r\n \r\n\r\n\r\nEco Innovation Group (ECOX) and WRA Holdings Execute Definitive Agreements; Approximately $700 Million in Project Financing Confirmed in Clearing for Costa Rica Infrastructure Program\r\n\r\n\r\n\r\n\r\n\r\nSCOTTSDALE, AZ / ACCESS Newswire / December 8, 2025 / Eco Innovation Group, Inc. (OTCID:ECOX) (\"ECOX\") and WRA Holdings, Inc. (\"WRA\") announce the execution of all definitive agreements required to complete the previously announced reverse merger transaction. The agreements were fully executed on December 4, 2025, marking a major milestone in transitioning ECOX into the public company platform for WRA's national infrastructure and environmental redevelopment programs in Costa Rica.\r\n The parties have executed a comprehensive suite of agreements governing the change of control and merger, including a Master Sales Agreement, Stock Purchase Agreement, Share Exchange Agreement, Consulting Agreement, and related ancillary documents. Under the Share Exchange Agreement, WRA Holdings, Inc. will contribute all of its issued and outstanding equity interests into ECOX in exchange for newly issued shares of ECOX common stock. Upon completion, WRA will become a wholly owned subsidiary of ECOX, which will operate as the publicly traded parent company of the combined enterprise. This structure provides shareholders with direct exposure to WRA's national program spanning rail, logistics, energy, water, and environmental redevelopment initiatives throughout Costa Rica.\r\n ECOX also reports that all known legacy convertible notes associated with the Company's prior business model have now been resolved with the extinguishment of the final outstanding note on December 8, 2025. This note, held by a nonstrategic lender in the amount of $195,000, had been the only recent source of conversion activity in the market. Its elimination removes the last material legacy overhang from the prior business model and represents an important step toward stabilizing the capital structure, reducing dilution risk, and preparing the Company for the long term development cycle associated with WRA's national infrastructure portfolio.\r\n W...