The IEC will not invest in Nostromo, Sumoto reports, which will merge with the company. According to the IEC announcement, the company has not yet received the approvals required for it to invest in the company. Although the IEC board of directors approved the investment, the move has not yet been approved by the bodies in charge, and the IEC expects that it will not be able to invest in the company until the date of the merger.
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Reports an investment agreement between Nostromo, which merges with it, and Mayo Shatuk, chairman of Exlon, the American energy giant, on terms similar to those of Sumoto’s investment in Nostromo. Nostromo, as part of the $ 3.3 million round of funding that Nostromo is holding to meet the terms of the merger agreement with Sumoto.
Mayo Shatuk is the chairman of the board of directors of Exelon, which trades about $ 44.5 billion in the United States and operates in Canada and across the United States in the production, transmission and distribution of electricity and natural gas. Exlon is one of the largest power producers in the United States and is ranked by Fortune 100 magazine as having the largest number of customers in the United States.
Shatok previously served as president of the investment company Alex Sons & Browm until its merger with Trust Bankers, where he used as vice chairman, until the merger with Deutsche Bank. Shatok was also president and CEO of nergy Constellation.
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