GALENFEHA, INC. (OTCMKTS:GLFH) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement
On December 24th, 2018 Galenfeha entered into a Definitive Agreement to acquire all assets and operations of Frontier Oilfield Services, Inc. (the ‘Company’). In consideration for the release of all claims and liabilities shareholders have against the assets and operations of the Company, Galenfeha, Inc. will issue one share of Preferred Stock for each share of Frontier Oilfield Services, Inc. common stock.
Item 8.01 Other Events
On December 26th, 2018, Galenfeha, Inc. issued a press release regarding the acquisition of the assets and operations of Frontier Oilfield Services, Inc. A copy of the press release is attached as Exhibit 99.2.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Galenfeha, Inc. Exhibit
EX-99.1 2 exhibit99-1.htm EXHIBIT 99.1 Galenfeha,…
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About GALENFEHA, INC. (OTCMKTS:GLFH)
Galenfeha, Inc. is an engineering, product development and manufacturing company. The Company provides solutions for oil and natural gas production, as well as stored energy products across multiple industries. The Company provides these products and services through its Stored Energy and Oil and Gas division. The Company, through Daylight Pumps, LLC (Daylight), produces injections pumps to the oil and gas industry. It offers contractual engineering services, and develops and manufactures products for natural gas producers, and various industries mainly in the states of Texas and Louisiana. The Company’s product, Lithium iron Phosphate (LiFePO4) Stored Energy Systems, is available in over four battery sizes, including approximately 30 ampere hour (Ah), 40Ah, 120Ah and 120Ah Severe Duty (SD). Its other products include Daylight Chemical Injection Pumps, Galenfeha Custom Package Assemblies, Chargers and Portable Power Pack.
