gridComm actively marketing themselves., page-3

Extract from the following link https://www.digitalnewsasia.com/gridcomm-it’s-all-about-power-…-saving-it
"The startup will be raising a Series A round within the next six to 12 months, and will be looking to raise US$4 million"

1) ODN raises equity funding to acquire griddcomm???
2. griddcomm raises funding to finance operations ($4 million)???

Or the combination of 1 and 2, ODN raises equity funding to acquire griddcomm and finance the operations of griddcomm

Can someone enlighten us how will it work out for points (1) and (2) or combination of 1 and 2?