ILUS International Inc (OTC: ILUS) Settles Debt, Ramps Up EV Technologies, Targets Uplisting; Multiple Subsidiary News And Developments Sets ILUS Up For Massive 2023
ILUS International Inc’s (OTC: ILUS) management sees the future ahead, prepared company for a national exchange uplist with debt cleanup activity, EV technologies, and more. Debt settlement was a cash payment schedule, non-dilutive.
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“ILUS International Inc (OTC: ILUS) now confirms that it has secured the facility in Kragujevac, Serbia for ILUS EV Technologies to proceed with its Investment Project” was in an April 26, 2023 press release. This is a deal with the Serbian government that will crack open the EV market for non-automotive use, including the initial 6×6 E-Raptor commercial vehicle.
This is the exciting part from that April 26, 2023 press release: “In addition to securing the land, facilities, and manpower in Kragujevac for ILUS EV Technologies, further meetings are underway in Serbia this week for the Replay Solutions Investment Project as well as for the much larger Phase 2 government deal.”
ILUS International Inc (OTC: ILUS) “has reached an agreement in principle with Discover Growth Fund LLC to settle their note of $2 million.” – March 31st, 2023 press release. The release continues further, detailing the cash payment of this debt, stopping any dilution from this note.
The ILUS International Inc (OTC: ILUS) NYSE floor interview date is set for June 15th, 2023. The interview will be released to the public on June 26th, 2023.
Check out Ilus-Group for the full list of subsidiary and invested company list.
Source: Stock Market Press
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