TGI signs LOI to acquire XGC to build national carbon registries under Article 6.4

TGI Solar Power Group announced a Letter of Intent to acquire XGC Corp, valuing XGC's platform and intellectual property at $1.8 million USD, with plans to deploy national carbon registry infrastructure intended for Paris Agreement Article 6.4 markets.

TGI Solar Power Group announced a Letter of Intent to acquire XGC Corp, an Ontario-based developer of sovereign-grade carbon registry software. The company values XGC's platform and related intellectual property at $1.8 million USD. TGI says the purchase would be executed through a newly formed Wyoming subsidiary. The registries are described as intended to support sovereign participation in international carbon markets under the Paris Agreement Article 6.4 mechanism. What is known: - TGI announced the LOI to acquire XGC Corp on March 6, 2026. - XGC is described as an Ontario-based developer of sovereign-grade carbon registry infrastructure. - The proposed transaction values XGC's software platform and associated intellectual property at $1.8 million USD. - TGI plans to execute the acquisition through a newly formed Wyoming subsidiary to deploy national registries for countries participating in Article 6.4 markets. - XGC's platform is described as combining artificial intelligence (GeoAI), blockchain, and enterprise financial systems to support measurement, reporting and verification (MRV), issuance and tracking, and double-counting prevention. - The announcement includes standard forward-looking and safe-harbor statements. Summary: TGI presents the acquisition as a way to provide digital registry infrastructure that countries could use to issue, track, and retire carbon credits under Article 6.4. The company frames XGC's technology as addressing MRV, ledger integrity, and sovereign payment flows. Undetermined at this time.