Solar Integrated Roofing Corp., the provider of solar power, roofing and EV charging systems for commercial and residential properties throughout North America, announced on May 25 it had executed a binding Letter of Commitment with Tribeca Energy.
In a news release, SIRC said the LOC sets out irrevocable terms and conditions under which the company commits to selling “certain shares in return for investment” by Tribeca Energy. The share exchange agreement will give Tribeca Energy 100% ownership of SIRC shares and a majority of its board seats.