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Enlightify Terminates Acquisition Agreement with Lonestar Dream

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Enlightify Terminates Acquisition Agreement with Lonestar Dream

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Enlightify ( (ENFY) ) has shared an announcement.

On June 13, 2025, Enlightify Inc. entered into a Mutual Rescission Agreement with Mr. Zhibiao Pan to terminate the Stock Purchase Agreement originally established on December 27, 2023, for the acquisition of Lonestar Dream Inc. The agreement involved a purchase price of $49 million, of which $9,947,981.04 had been paid. The rescission agreement ensures the return of funds within 180 days, with penalties for delays and mutual releases from any claims related to the transaction.

More about Enlightify

Average Trading Volume: 11,658

Technical Sentiment Signal: Sell

Current Market Cap: $17.25M

For a thorough assessment of ENFY stock, go to TipRanks’ Stock Analysis page.

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