SinglePoint Inc., a diversified holding company focused on renewable energy solutions and energy-efficient applications, has announced the acquisition of an 80.1% interest in Boston Solar, a leading solar energy company. The acquisition, which solidifies SinglePoint's strategy in the solar energy procurement and construction sector, involved a total consideration of $6,064,858, comprising cash, common stock, and convertible notes. The transaction also included a $250,000 holdback of additional cash. SinglePoint incurred approximately $587,000 in acquisition-related expenses, recognized in SG&A within the consolidated statement of operations. The acquisition was accounted for as a purchase of a business, with the excess purchase price over the fair value of assets acquired and liabilities assumed recorded as goodwill. The acquisition is expected to enhance SinglePoint's EPC acquisition strategy and expand its footprint in the solar energy market.

SinglePoint Inc., a diversified holding company focused on renewable energy solutions and energy-efficient applications, has announced the acquisition of an 80.1% interest in Boston Solar, a leading solar energy company. The acquisition, which solidifies SinglePoint's strategy in the solar energy procurement and construction sector, involved a total consideration of $6,064,858, comprising cash, common stock, and convertible notes. The transaction also included a $250,000 holdback of additional cash. SinglePoint incurred approximately $587,000 in acquisition-related expenses, recognized in SG&A within the consolidated statement of operations. The acquisition was accounted for as a purchase of a business, with the excess purchase price over the fair value of assets acquired and liabilities assumed recorded as goodwill. The acquisition is expected to enhance SinglePoint's EPC acquisition strategy and expand its footprint in the solar energy market.