Grapheneca logoHuffington Capital Corp (trading in Canada under TSXV:HU.H), a capital pool company, announced that it is set to acquire US-based Grapheneca. The financial terms were not disclosed, but he two companies signed a letter of intent and the agreement calls for Grapheneca to complete a $4.5 million CAD private placement.

Grapheneca (Nano Graphene Inc) is producing high-quality graphene flakes and graphene composite materials at its New York production facility, using the company's patented production process.