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Evolution|AI Corporation Offers to Purchase PLFX Unrestricted, 'Public Float' Shares at $1.10 per Share
Evolution|AI Corporation Offers to Purchase PLFX Unrestricted, 'Public Float' Shares at $1.10 per Share.
About this update from Pulse Evolution Corp
[{"type":"text","content":"\n\n\n\nEvolution|AI Corporation Offers to Purchase PLFX Unrestricted, 'Public Float' Shares at $1.10 per Share\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nEvolution|AI Corporation Offers to Purchase PLFX Unrestricted, 'Public Float' Shares at $1.10 per Share\nPrior Offer to Purchase Restricted Share Supported by a Majority of Pulse Shareholders, Expected to Close on February 28, 2018\nPR Newswire\nHOBE SOUND, Fla., Feb. 8, 2018\n\n\n\nHOBE SOUND, Fla., Feb. 8, 2018 /PRNewswire/ -- Evolution|AI Corporation today unveiled specific pricing and structural elements of its Offer to purchase, from accredited investors only, all or any portion of the unrestricted, free-trading common shares of Pulse Evolution Corporation (OTC:PLFX) common stock, currently on deposit in the 'public float', through a registered share exchange for $1.10 per share.\n\nEvolution|AI Corporation (the \"Company\") also provided today an update relating to its prior offer to purchase restricted shares in a transaction value at $0.62 per share.  Pulse Acquisition Corporation (\"PAC\") was created by the principals of Evolution|AI, to consolidate the restricted shares of parties that responded favorably to the Company's October 2017 offer.  Since then, individual accredited investors, holding approximately 119 million common shares of Pulse in the aggregate, have entered into the process of documenting and closing the restricted share exchange.  The exchange transaction, representing at least a majority interest in Pulse, is expected to close on, or before February 28, 2018.\n\nEvolution|AI Corporation now, directly for its own account, wishes to acquire up to 14 million shares of unrestricted, fully registered common stock, of which the Company believes approximately 8 million shares are currently on deposit with brokerage firms in the public float.  The basic terms of the current offer (the \"Registered Exchange\") are as follows:\n\n\nParticipating Pulse shareholders, who are accredited investors, shall be entitled to exchange their unrestricted, common shares for fully reg...