CHICAGO--(BUSINESS WIRE)--JNS Holdings Corporation (OTC Markets Group: JNSH) today announced that it has tendered an offer and has begun negotiations to acquire the Chicago EV charger agreement from 350Green, LLC.
The company expects to complete negotiations within the next fourteen business days with a closing date soon thereafter as possible subject to all required regulatory approvals.
The monetary value after acquiring and completing the network of car chargers will exceed $5.8 million dollars. JNS will own and operate 201 Level II chargers and 73 Level III fast chargers within the Chicago market with such high profile locations as Walgreens, Whole Foods, O’Hare International Airport, Midway Airport and several Illinois Tollway Oases.
“Management believes this acquisition to be a perfect complement to existing business while creating value to the company,” said Brian Howe, CEO.
About JNS Holdings Corporation:
JNS Holdings focuses on building solid growth for our investors and shareholders through expansion of our core businesses while seeking additional strategic opportunities. The company's current capitalization is Total Authorized Shares of 122,000,000 with a Public Float of 63,504,182.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.