- Graph Blockchain (GBLC) has closed its acquisition of Beyond the Moon, a private Ontario cryptocurrency launchpad company
- Beyond the Moon simplifies opportunities in crypto launchpads, facilitating early access to early-stage tokens before listing on a decentralized exchange
- The company paid C$6,000,000 for the acquisition through the issuance of shares
- Graph will internalize Beyond the Moon’s platform to provide its shareholders with exposure to more early-stage crypto opportunities
- Graph Blockchain provides shareholders with exposure to various areas of decentralized finance
- Graph Blockchain (GBLC) is trading flat at $0.085 per share
Graph Blockchain (GBLC) has closed its acquisition of Beyond the Moon, a private Ontario cryptocurrency launchpad company.
Beyond the Moon simplifies opportunities in crypto launchpads, which help projects reach their full potential and mainstream adoption. The company manages the process of entering crypto launchpads, facilitating early access to early-stage tokens before listing on a decentralized exchange.
Graph paid C$6,000,000 for the acquisition through the issuance of 46,153,846 Graph Blockchain units priced at $0.13 per unit.
Each unit is comprised of one Graph common share and one-half of one common share purchase warrant.
Each warrant entitles the holder to acquire one additional common share for $0.18 for 24 months following the closing.
Graph will internalize Beyond the Moon’s platform to provide its shareholders with exposure to more early-stage crypto opportunities.
Beyond the Moon is now a wholly owned subsidiary of Graph Blockchain.
Paul Haber, CEO of Graph Blockchain, commented,
“Graph’s acquisition of Beyond the Moon gives our shareholders exposure to quality initial DEX offerings and early adoption of new crypto tokens. By adding Beyond the Moon to our group of companies, we gain access to even earlier rounds of any upcoming token presales to add value to Graph’s portfolio of altcoins.”
Graph Blockchain provides shareholders with exposure to various areas of decentralized finance.
Graph Blockchain (GBLC) is trading flat at $0.085 per share as of 1:12 pm ET.
