Charging it up, Hypercharge signs LOI to acquire Texas EV charging firm REVS

Hypercharge Networks Corp. (OTC: HCNWF) has entered into a non-binding letter of intent to acquire 100% of the equity interests in REVS Charging LLC, a Texas-based provider of electric vehicle charging solutions, according to a press release dated Sept. 11, 2026.

The deal values REVS at approximately US$4,750,000 on an enterprise basis, subject to customary closing adjustments. The purchase price consists of US$3,000,000 in Hypercharge common shares issued at a deemed price of C$0.23 per share with a six-month lock-up, US$500,000 in cash at closing, and up to US$1,250,000 in deferred share consideration payable in three annual tranches contingent on REVS meeting gross profit milestones of US$850,000 in year one, US$1,200,000 in year two, and US$2,000,000 in year three.

Hypercharge has agreed to provide REVS an interim loan of up to US$200,000 during the exclusivity period, of which US$150,000 has already been advanced. If the transaction is not completed, the loan becomes repayable within six months at 5% annual interest. The parties have agreed to a 90-day exclusivity period, extended to Sept. 30, 2026.