Spirit Blockchain Capital Strengthens its Ecosystem Position with Acquisition of Dogecoin Holdings

Quick Summary:

Under the terms of the agreement, Spirit will acquire all of the issued and outstanding securities of Dogecoin Holdings, including common shares and share purchase warrants, from the Company’s shareholders (the "Vendors”).

The Vendors agree to irrevocably appoint Lewis Bateman as their proxy to vote all of their common shares at any and all meetings of shareholders of Spirit, in favour of all matters recommended by the management of Spirit for a period of 36 months from the Closing.

In exchange, Spirit will issue 14,000,000 common shares and 14,000,000 share purchase warrants, with each warrant exercisable at $0.05 per share for a period of 24 months from the closing.

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Article Details

Author / Journalist: Spirit Blockchain Capital Inc.

Category: Technology

Markets: China

Topics: CA84859H2072 CNSX:SPIR.CN

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 13:50:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 1036 words

Reading Time: 6 minutes read

Sentences: 39 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © GlobeNewswire

News ID: 23431669

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