- Graph Blockchain will acquire the Moon Shares for an aggregate purchase price of C$6 million to be satisfied through the issuance of units
- Beyond the Moon provides exposure to the most exciting opportunities in crypto launchpads
- Each unit includes one common share at $0.13, and a half common share purchase warrant
- The transaction is pending approval from the CSE
- Graph Blockchain is a development company that provides high-performance blockchain solutions
- Graph Blockchain (GBLC) opened trading at $0.10 per share
Graph Blockchain (GBLC) has entered into a letter of intent to acquire Beyond the Moon Inc., a Crypto Launchpads service provider.
Under the terms of the LOI, Graph Blockchain will acquire 100% of all issued and outstanding shares of Beyond the Moon Inc.
Beyond the Moon provides exposure to the most exciting opportunities in crypto launchpads. Launchpads are crypto projects designed to promote and introduce upcoming projects to the crypto market.
Beyond the Moon manages the process of entering crypto launchpads, helping facilitate access to early-stage crypto tokens. Before listing a new token on a Decentralized Exchange (DEX) launchpads provide the first public investment round, called an Initial DEX Offering (IDO).
Early access to crypto projects provides the highest potential return on investment in the space. Beyond the Moon coordinates all aspects of registration, staking, and investment in the launchpads and their tokens.
Subject to the completion of satisfactory mutual due diligence, Graph Blockchain and Beyond the Moon will enter into a definitive share exchange agreement.
“One of our stated objectives has been to educate our shareholders on all areas of the crypto market. Providing our shareholders with exposure to new crypto tokens through quality IDO’s is an essential piece of that education and of the crypto markets. We are excited to be acquiring the Target to add this element to our business,” said Chief Executive Officer, Paul Haber.
Key Transaction Terms:
The Transaction will be structured as a Share Acquisition. Graph Blockchain will acquire all of the securities of Beyond the Moon including shares to be issued by the company in a proposed private placement. The Definitive Agreement will be signed on or before June 30th, 2021.
Closing of the Transaction is subject to a number of conditions, including but not limited to the following:
- Graph Blockchain will acquire the Moon Shares for an aggregate purchase price of C$6 million to be satisfied through the issuance of units.
- Each unit includes one common share at $0.13, and a half common share purchase warrant.
- The receipt of the approval of the Canadian Securities Exchange.
Graph Blockchain is a development company that provides high-performance blockchain solutions including data analysis, consulting services and data implementation.
Graph Blockchain (GBLC) opened trading at $0.10 per share.
