Cool Holdings, Inc. (OTCPK:AWSM) will look for acquisitions. On December 30, 2019, the company entered into a consulting agreement (the "Consulting Agreement") with Fountain Asset Corp., Cher Holdings Inc. and Mr. Kevin Reid (collectively, the "Consultants"). Pursuant to the Consulting Agreement, the Company appointed the Consultants to perform for the benefit of the Company certain services (the "Services"). Such Services the Consultants have agreed to perform include: advise on the Company's capital restructuring, providing strategic planning, assisting with implementing business planning and strategy as well as financing strategy, and assist with prospective merger and acquisitions targets.
Simply, Inc. has filed a voluntary petition for relief under the provisions of Chapter 7 of Title 11 of the United States Code. The Company's wholly owned subsidiary Simply Mac, Inc. has separately commenced bankruptcy proceedings by filing a voluntary petition for relief under the provisions of Chapter 7 of the Bankruptcy Code. The assets of the Company shall be liquidated in accordance with the Bankruptcy Code. The Company has no business operations.