Scepter Holdings, Inc. Completes Merger With IP Motor Sports

Scepter Holdings, Inc. Completes Merger With IP Motor Sports

Scepter Holdings, Inc. Completes Merger With IP Motor Sports

LAS VEGAS, NV–(Marketwired – November 30, 2017) – Scepter Holdings, Inc. (OTC:BRZL) announced today that it has completed the merger with IP Motor Sports Inc., a high tech engine modification company that sells high powered engines and cars. This merger is the first of many as the Company continues to expand its initiatives in the fuel efficiency and optimization automotive sectors. In this merger, IP Motors Sports shareholders were paid five-hundred thousand ($500,000) in Scepter Holdings, Inc. preferred stock. The preferred stock holders will have the option to convert to common stock after one (1) year. Additionally Scepter Holdings, Inc. has assumed approximately five-hundred thousand ($500,000) in IP Motor Sports liabilities.

IP Motor …

Full story available on Benzinga.com

Source-Click here

Leave a Reply

Your email address will not be published. Required fields are marked *