Investors

Exciting Future: Business Warrior and IPSI Merger Announcement

Our team is thrilled to share some groundbreaking news that marks a significant milestone for Business Warrior Corporation (OTC:BZWR). We have entered into a definitive merger agreement with Innovative Payment Solutions Inc. (OTCQB:IPSI). This strategic merger is poised to drive future growth and unlock new opportunities for our company. 

 

Key Highlights of the Merger:

  1. Enhanced Capabilities: The merger combines the strengths of Business Warrior and IPSI, creating a dynamic entity poised to capitalize on emerging opportunities in the financial technology space. This alignment will enhance our service offerings, drive innovation, and open new market channels.

  2. Shareholder Value:  As part of the deal, BZWR will merge with and into a newly-formed, wholly-owned subsidiary of IPSI, with BZWR surviving as a wholly-owned subsidiary of IPSI and BZWR stockholders receiving 45% of the outstanding post-closing shares of IPSI common stock (OTCQB: IPSI).

  3. Convertible Note Recapitalization: Common convertible note holders of both companies will exchange and cancel their notes for newly-issued Series A Convertible Preferred Stock of IPSI, subject to negotiation and stockholder approval.

  4. Board of Directors: The new board will consist of five members: two appointed by IPSI, two by Business Warrior, and one independent member mutually agreed upon. This balanced representation ensures strong governance and visionary guidance.

  5. Operational Continuity and Growth: The integration will optimize talent and networks, driving business growth. The merger aligns our scalable technologies, paving the way for increased revenue generation and profitability.

 

A full press release going into more detail about each business, and the future can be found HERE.

If you have questions, please contact investors@businesswarrior.com

 

Thank you all for your continued support.

 

Best regards,

Rhett Doolittle

CEO, Business Warrior Corporation

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