MetAlert Completes Strategic Acquisition of Level 2 Security LLC
MetAlert Completes Strategic Acquisition of Level 2 Security LLC LOS ANGELES, CALIFORNIA – September 13, 2023 – MetAlert, Inc. (OTC: MLRT) (“the Company”), a pioneer in GPS wearable technology and global provider in the field of human and asset tracking and recovery systems, announced it has closed a merger agreement with Level 2 Security, LLC, a Delaware corporation (“Level 2”), pursuant to which Level 2 merged into Level 2 Security Products, Inc., a 100% wholly-owned subsidiary of MetAlert, Inc. This is a formidable step in solidifying the financial and operational position of the Company and encapsulates a vision to amplify recurring revenue streams while scaling the Company’s life-saving technology and IP portfolio. After several months of negotiations both companies completed the merger transaction which was formally announced last week in an 8-K filing. Beyond the immediate tapestry of tangible assets acquired from Level 2, including bank balances, Intellectual Property, approximately […]