Co-Founder & CEO
Dear Shareholders,
I want to share an important update regarding the continued evolution of Monorail.
Parler Technologies Inc. has recently rebranded as Sovren Technologies Inc., reflecting its broader focus as a sovereign digital infrastructure company. Sovren operates a growing digital platform that combines social networking, video streaming, creator commerce, digital wallet functionality, and cloud infrastructure into a unified ecosystem designed to support both content and financial services at scale.
Monorail has entered into a strategic relationship with Sovren, and the companies have signed a Memorandum of Understanding (MOU) to integrate Monorail’s regulated investment infrastructure into the Sovren ecosystem. This marks the beginning of a formal diligence and integration process between the two organizations.
As part of these discussions, the parties are working toward a potential stock-for-stock transaction, pursuant to which Monorail shareholders would receive equity in Sovren Technologies Inc. The intention behind this structure is to align both companies within a unified platform combining regulated financial infrastructure with large-scale digital distribution.
It is important to emphasize that no definitive merger agreement has been executed at this time. The MOU is non-binding and serves as a framework. At the same time, both parties complete due diligence, finalize the structure, and address regulatory and operational considerations. There can be no assurance that a transaction will be completed, or, if completed, on what final terms.
Sovren has indicated that it intends to pursue a public listing later this year, subject to market conditions, regulatory approvals, and internal readiness. Any such listing would be independent of the completion of a transaction with Monorail and is not guaranteed.
From a strategic standpoint, we believe this relationship represents a meaningful opportunity to expand Monorail’s reach by embedding our SEC-registered advisory platform within a much larger digital ecosystem. At the same time, we remain focused on continuing to grow Monorail’s assets, users, and core business during this process.
We want to thank each of you for your continued support. Building Monorail to this point has required long-term commitment, and we are excited about the direction we are heading.
As developments progress, we will continue to keep shareholders informed.
Sincerely,
Phillip Dickson
Chief Executive Officer
Monorail, Inc.