- Aquarius AI (AQUA) has signed an agreement to acquire a minimum of 70 per cent of the issued and outstanding common shares of Jellyworks
- The acquisition will be in exchange for approximately 60,565,708 common shares of Aquarius
- This represents approximately 33 per cent of the common shares that will be issued and outstanding as of the closing of the acquisition
- Jellyworks Inc. is a leading Web3 technology company focused on building a Play-2-Earn gaming guild, building a decentralized economy for gamers
- Aquarius AI Inc. is a technology company focused on customer acquisition of consumer products and services
- Aquarius AI Inc. was up 8.33 per cent, trading at $0.065 at 11:04 ET
Aquarius AI (AQUA) has signed an agreement to acquire a minimum of 70 per cent of the issued and outstanding common shares of Jellyworks.
The acquisition will be in exchange for approximately 60,565,708 common shares of Aquarius.
This represents approximately 33 per cent of the common shares that will be issued and outstanding as of the closing of the acquisition.
The closing of the acquisition is subject to a number of conditions, including the satisfactory completion of due diligence and satisfaction of other customary closing conditions.
“Aquarius has been working on the NFT strategy since acquiring Podkast Entertainment Corp., which allowed Aquarius to gain considerable NFT expertise,” said Owen Sagness, Director of Operations at Aquarius.
“As with Aquarius, Jellyworks also generates most of their revenue through Bitcoin mining. Combining our Bitcoin operations during this period of market consolidation also helps increase operational efficiencies,” he added.
“We are delighted to be coming together with Aquarius to continue the build-out of Web3 technology,” noted Alex Lineton, Chief Executive Officer at Jellyworks.
“We believe that Play-2-Earn gaming is the next big thing, and we are excited to be combining forces with Aquarius to become the leader in NFT gaming guilds,” he added.
Jellyworks Inc. is a leading Web3 technology company focused on building a Play-2-Earn gaming guild, building a decentralized economy for gamers.
Aquarius AI Inc. is a technology company focused on customer acquisition of consumer products and services.
Aquarius AI Inc. was up 8.33 per cent, trading at $0.065 at 11:04 ET.
