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H2 has entered into a definitive agreement to acquire Magnus by exchanging 48,871,956 shares of the resulting issuer. Following the transaction, Magnus will become a wholly owned subsidiary of H2, which will continue its business operations.

The deal does not require shareholder approval, and certain shares will be subject to escrow and lock-up agreements. A finder’s fee will also be issued, pending exchange approval. Trading of H2 shares has been halted until the transaction is finalized. Legal representation for both parties has been established.