Affluence Corporation (OTCID: AFFU) announced on May 27, 2026, that it has executed a Letter of Intent (LOI) to acquire Triar Commerce LLC. The transaction, structured with cash, preferred equity, and performance-based earnouts, would give Affluence 100% ownership of Triar. The completion hinges on due diligence, negotiation of definitive agreements, and securing necessary financing.
Management estimates that if the Triar acquisition and other strategic initiatives are completed, the company could achieve pro forma annualized revenue of approximately $220 million and pro forma EBITDA of about $5 million. These projections are based on internal estimates and information from target companies, and they remain subject to significant uncertainties.
The company had previously signed the LOI with Triar but chose not to disclose it publicly. Following recent approval of a reverse stock split and ongoing negotiations with convertible debt holders, management believes there may now be a more viable path to pursue this acquisition. However, securing adequate financing remains a critical condition.
Affluence is also evaluating other opportunities, including UCL Communications. There is no assurance that any of these transactions will be completed.
“We are pleased to have signed this LOI with Triar,” said Oscar Brito, President of Affluence Corporation. “We believe there are meaningful synergies between Triar’s telecom capabilities and our existing IoT and smart infrastructure platforms. This transaction, if completed, represents a potential step toward scaling our operations and strengthening our market position.”
Brito added, “While we are optimistic about these opportunities, we remain focused on executing our debt restructuring initiatives and building a sustainable financial foundation. Achieving greater scale remains a key long-term objective, including potential consideration for a national exchange listing.”
The proposed acquisition is subject to numerous conditions, including negotiation and execution of definitive agreements, satisfactory completion of due diligence, board approval, and the company’s ability to secure adequate financing on acceptable terms. There can be no assurance that the transaction will be completed as currently contemplated or at all.
The company expects to provide further updates as developments occur. For more information, visit https://affucorp.com.