Las Vegas, NV – August 6, 2026 – Fernhill Corp. (OTC: FERN), a FinTech focused firm and digital asset infrastructure company, proudly announces it has signed a Letter of Intent (LOI) to acquire/merge with an AI enabled, B2B SaaS infrastructure company. The target company’s name will be disclosed subject to the completion of due diligence and execution of definitive agreements.
This strategic merger/acquisition aligns with Fernhill’s growth strategy to increase and improve the Company’s shareholder equity, while embracing businesses that produce scalable recurring revenue that builds enterprise value.
In addition to creating additional shareholder equity, the move is also expected to enhance Fernhill’s revenue and technology capabilities.
As part of the planned merger/acquisition, Fernhill is implementing a comprehensive restructuring initiative aimed at eliminating a substantial portion of its existing debt and corporate liabilities. This debt reduction strategy is designed to strengthen the company’s balance sheet, improve financial flexibility, and support long-term sustainable growth. For example - in the quarter ended June 30, 2026 - the Company removed $766,000 in accrued compensation liabilities, significantly improving the Company’s balance sheet and increasing shareholder’s equity.
In parallel, Fernhill is actively pursuing the licensing and sale of select technology assets and intellectual property. Additional details regarding any specific asset licensing or sales will be announced as the process advances and definitive agreements are signed.
“Today’s announcement represents a pivotal step forward for Fernhill,” said Chris Kern, CEO of Fernhill Corp. “Acquiring a growing acquisition oriented SaaS business will accelerate our revenue trajectory, increase our business offerings, and expand our optionality to create value. Combined with our debt restructuring and asset optimization efforts, we are positioning the company for a stronger, more sustainable future that delivers greater value to shareholders.”
Note that all related asset licensing, asset sales, acquisitions and/or mergers are subject to completing due diligence and obtaining the customary consents and approvals, as applicable.
About Fernhill Corp
Fernhill Corp is a publicly traded company dedicated to advancing blockchain, cryptocurrency, and AI solutions. With a focus on tokenization, decentralized finance, and strategic M&A, Fernhill is building a diversified ecosystem of digital asset technologies. Its portfolio includes MainBloq, an institutional-grade digital asset trading platform. As a Signatory Member of the Crypto Climate Accord (CCA), a Principal Member of the Metaverse Standards Forum, and a Corporate VIP Member of the International Security Token Association, Fernhill is strategically positioned to lead in the evolving digital asset landscape.
For all official Fernhill corporate information, please refer to our filings, news and updates on the following resources:
Company Contact Information: info@fernhillcorp.com
Any other links are not official and should not be taken as such; they do not relate to Fernhill Corp or its subsidiaries.
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Forward-Looking Statements:
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Certain statements set forth in this press release constitute forward-looking statements. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words estimate, project, intend, forecast, anticipate, plan, planning, expect, believe, will likely, should, could, would, may or words or expressions of similar meaning. Such statements are not guaranteeing of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced vendors, services or components, and various other factors beyond the Company's control. Partner/Affiliate Links Disclosure: We may receive compensation or a revenue share at no additional cost to you for any purchases made through links on our website or press releases as an affiliate partner.
**Media and Investor Contact:**
Fernhill Corp
Email: info@fernhillcorp.com
Phone: +1 (775) 400-1180