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CoinAnalyst Corp. Announces Proposed Acquisition of RockStock Equities Inc.

Published

2 years ago

January 20, 2022

Reading Time: 3 minutes

Toronto, Ontario–(Newsfile Corp. – January 20, 2022) – CoinAnalyst Corp. (CSE: COYX) (FSE: 1EO) (“CoinAnalyst” or the “Company“) is pleased to announce that it has entered into a binding letter agreement (the “Letter Agreement“) dated January 11, 2022 with RockStock Equities Inc. (“RockStock“) and all of the shareholders of RockStock (the “Vendors“), in respect of the acquisition by the Company of all of the issued and outstanding shares in the capital of RockStock (the “Transaction“).

About RockStock

RockStock Equities Inc. is poised to capitalize on the dramatic impact of Blockchain technology, Cryptocurrencies, and NFTs on a once beleaguered music industry. With a primary focus on the development of an Artist/Fan Utility, RockStock will facilitate and empower artists through a state-of-the-art app platform, allowing them to directly monetize their music, create “pay-per-view” performances and participate in the exciting new world of NFT revenue generation. For the fans, it is an opportunity to connect and support the artists they love through a multi genre, online competition and participate in profit opportunities created through the purchase of Artist Security Tokens and NFTs. For more information about RockStock, please visit www.myrockstock.com.

The Letter Agreement

Under the terms of the Letter Agreement, the Company will purchase all of the shares of RockStock from the Vendors in consideration for $937,500, which will be satisfied through the issuance of 3,750,000 common shares of the Company (“Common Shares“) at a deemed price of $0.25 per share (the “Consideration Shares“). If, at the end of six (6) months period immediately following the closing of the Transaction (the “Closing Date“), RockStock has developed a minimum viable product (MVP) for its product, the Company will issue an additional 250,000 Common Shares at a deemed price of $0.25 per share (the “Earn-Out Shares“). The Consideration Shares and the Earn-Out Shares will be allocated to the Vendors based on their pro rata shareholdings in RockStock.

The Letter Agreement includes a number of conditions to the Closing Date, including but not limited to, (a) a consulting agreement to be entered into between David Abbott and the Company; (b) each Vendor entering into an agreement with the Company for a contractual restriction on resale of the Consideration Shares (the “Lock-Up Agreements“) pursuant to which each Vendor will, among other things, agree not to trade the Consideration Shares, provided that (i) 10% of the Consideration Shares will be free trading on the Closing Date, and (ii) further 15% tranches of Consideration Shares may be traded on each successive three months anniversary of the Closing Date; and (c) the appointment of David Abbott to sit on the board of the Company.

Further information

The CSE has in no way passed upon the merits of the Transaction and has neither approved nor disapproved the contents of this news release.

Cautionary Statements Regarding Forward Looking Information

This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the proposal to complete the Transaction and associated transactions. Any such forward-looking statements may be identified by words such as “expects”, “anticipates”, “believes”, “projects”, “plans” and similar expressions. Readers are cautioned not to place undue reliance on forward-looking statements. Statements about, among other things, the appointment of David Abbott on the Board of the Company; the consulting agreement to be entered into between David Abbott and the Company; and the Lock-Up Agreements to be entered into by each of the Vendors and the parties’ ability to satisfy closing conditions and receive necessary approvals are all forward-looking information. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, there can be no assurance that the Transaction will occur or that, if the Transaction does occur, it will be completed on the terms described above. CoinAnalyst and RockStock assume no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by applicable law.

For more information, please contact:
Andrew Sazama
Chief Operating Officer and Director
Email: [email protected]
Phone: + 49 69 2648485 – 20

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/110958

Latest News

QNB Group appoints prominent actor Ahmed Helmy as Brand Ambassador

Published

4 hours ago

May 4, 2024

CISION (PR Newswire)

DOHA, Qatar, May 4, 2024 /PRNewswire/ — QNB Group, the largest financial institution in the Middle East and Africa, is proud to announce the signing of renowned actor Ahmed Helmy as its new brand ambassador.

The announcement comes in line with the Group’s vision and the values of innovation and excellence reflected by its brand. Ahmed Helmy, one of the most influential artists of his generation in the region and humanitarian and artistic commitment, making him the ideal ambassador to consolidate brand values and contribute to the Group’s efforts to build a better future for all.

In his new role, Ahmed will strengthen the Bank’s image as a leading financial institution committed to providing the best customer experience, attracting a new customer base, supporting the Group’s vision and brand and building customer relationships.

Commenting on the announcement, Ms. Heba Ali Al Tamimi, Senior Executive Vice President, QNB Group Communications, said: “We are delighted to welcome Ahmed Helmy as our brand ambassador. His exceptional career makes him the right personality to represent our brand. We hope that this collaboration will support QNB Group’s commitment to providing the best innovative solutions and services, reinforcing our position as a leading financial institution, while making a lasting impact in the communities in which we operate and strengthening the QNB’s position as a trusted financial partner in the region.”

This partnership reflects the shared values of Ahmed Helmy with QNB, a banking icon committed to the highest standards of innovation, excellence and success.

QNB Group currently ranks as the most valuable bank brand in the Middle East and Africa. Through its subsidiaries and associate companies, the Group’s presence spans more than 28 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is 30,000, operating from approximately 900 locations, with an ATM network of 5000 machines.

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Latest News

REALTY ONE GROUP CELEBRATES 19TH ANNIVERSARY WITH GLOBAL ‘ONE DAY’ OF VOLUNTEERING & GIVING BACK

Published

1 day ago

May 3, 2024

CISION (PR Newswire)

Food Banks, Children, Veterans, Pets and Many More Benefit from the Global Franchisor’s Charitable ONE Day

LAGUNA NIGUEL, Calif., May 3, 2024 /PRNewswire/ — Realty ONE Group International, a modern, purpose-driven lifestyle brand and ONE of the fastest growing franchisors in the world, celebrate its May 1st anniversary – this year marks 19 years – with a day of volunteering and giving back across the globe. The ONE Family of U.S. real estate professionals from coast to coast as well as offices and affiliates in 20 more countries, generously donated thousands of hours on Wednesday helping children, veterans, food banks, pets and so many more.

“Being a part of our ONE Family means we are driven to make a positive impact in our communities, helping each other whenever and wherever we can,” said Kuba Jewgieniew, CEO and Founder of Realty ONE Group International. “Giving back is in our DNA because we know that ONE act of kindness can change a life!”

The internet was flooded Wednesday with images of Realty ONE Group agents and entire offices handing out food, repairing homes, collecting backpacks, and serving in so many other ways. In less than 24 hours, with more locations still submitting volunteer impact forms, the franchisor impacted over 334,000 lives and donated more than $60,000 in just this ONE day.

Realty ONE Group’s ONE Cares, the 501(c)3 charitable arm of the organization, drives the ‘Community’ in the franchisor’s 6C’s values which also include Connect, Cares, Coaching, COOLTURE, and Commission. In 2023, the global franchisor transformed more than 200,000 lives.

Realty ONE Group International claimed the No. 1 spot for real estate franchisors for the third year in a row on Entrepreneur’s highly competitive 2024 Franchise 500® list. The only modern, lifestyle brand in the industry now has more than 19,000 real estate professionals in more than 400 locations in 49 U.S. states, Washington D.C. and 20 more countries and territories.

Learn more at www.OwnAOne.com.

About Realty ONE Group International
Realty ONE Group International is one of the fastest growing, modern, purpose-driven lifestyle brands in real estate whose ONE Purpose is to open doors across the globe – ONE home, ONE dream, ONE life at a time. The organization has rapidly grown to more than 19,000 real estate professionals in over 400 locations across 20 countries and territories because of its proven business model, full-service brokerages, dynamic COOLTURE, superior business coaching through ONE University, outstanding support and its proprietary technology, zONE. Realty ONE Group International has been named the number ONE real estate brand by Entrepreneur Magazine for three consecutive years and continues to surge ahead, opening doors, not only for its clients but for real estate professionals and franchise owners. To learn more, visit www.RealtyONEGroup.com.

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Latest News

BIZCLIK MEDIA LAUNCHES MAY EDITION OF FINTECH MAGAZINE

Published

1 day ago

May 3, 2024

CISION (PR Newswire)

The May edition of FinTech Magazine includes an exclusive interview with Old Mutual’s May Govender and TruStage’s Danielle Sesko.

LONDON, May 3, 2024 /PRNewswire/ — BizClik, the UK’s fastest-growing publishing company, has published the latest edition of FinTech Magazine. This publication is a highly regarded voice within the Financial Sector for its in-depth reports and interviews with prominent figures in the industry.

FinTech Magazine

This month’s edition features an extensive lead report with May Govender, Chief Information Officer at Old Mutual, on how cloud migration drives the company’s transformation journey.

“As an insurance organisation, it’s imperative for us to stay abreast of these customer trends and meet their evolving expectations.”

The edition also contains extensive interviews with key thought leaders from Absa Group, TruStage, Woodruff Sawyer and more, and takes a look at the Top 10 digital wallets.

You can visit FinTech Magazine for daily news and analysis of the ever-changing financial industry.

About BizClik

BizClik is one of the fastest-growing digital media companies in the UK, host to a growing portfolio of industry-leading global brands and communities.

BizClik’s expanding portfolio includes Technology, AI, FinTech, InsurTech, Supply Chain, Procurement, Energy, Mining, Manufacturing, Healthcare, Mobile, Data Centre, Cyber, and Sustainability.

For more information, please visit our website.

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