Xalles Holdings Inc. (OTC:XALL) Stock In Focus After Latest News

During the midweek, there were a significant number of companies that had come on the news cycle for one reason or another, and one such company was Xalles Holdings Inc. (OTC:XALL). Yesterday, the company made an announcement about the acquisitions that were in the processing stage and also about its stronger due diligence process.

The company announced that it had inked a share exchange agreement with the firm Fluid Tech Inc. for the purpose of extending the date of closing to no later than February 29, 2024. The company also revealed that the share purchase agreement it reached with WooSender Inc. would be effective on February 14, 2024. Two other acquisitions, RPM-One Inc. and University Consultants of America Inc., were both in the final stages of the enhanced due diligence framework. Xalles Holdings noted that all the parties involved in those acquisitions were working together so that the process could be completed successfully.

The company also noted in its news release that it was committed to an enhanced business model, and that was in line with the strategic update that had been provided by Xalles on January 29. In its efforts to strengthen the company’s ecosystem, it had put in place a more sophisticated due diligence process that would focus on reducing risks and a closer evaluation of the acquisition strategies at Xalles.

The company also provided a brief description of the new due diligence process. Xalles revealed that an acquisition could go through as many as 42 lifecycle events, statuses, and a range of other due diligence processes. These processes would be part of the process, starting from initial contact with an acquisition target up until the closing events. The company’s Chief Executive Officer, Thomas Nash, noted that while the company waited eagerly for the closure of the acquisitions, the enhanced processes would benefit the shareholders.