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Aquarius AI (CSE:AQUA) acquires Jellyworks Inc.

Cryptocurrency, Technology
CSE:AQUA
03 November 2022 09:00 (EDT)

Source: Aquarius AI.

Aquarius AI (AQUA) has acquired all of the issued and outstanding securities of Jellyworks.

The company acquired Jellyworks Inc. through three forms of exchange.

The first was the exchange of 86,522,440 common shares in the capital of the company.

The second was the exchange of 75,020,230 common share purchase warrants of the company.

The third was the exchange of 9,500,000 stock options of the company.

The number of common shares issued in the connection with the acquisition represents approximately 36 per cent of the common shares that are 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.

Jellyworks operates by buying online gaming NFTs and then delegating those NFTs to players around the world who play skill-based games and earn tokens.

Aquarius AI Inc is a digital advertising technology company focused on connecting digital advertisers or businesses to consumers across online display, mobile and video advertising channels.

Aquarius AI Inc. (AQUA) opened trading at $0.04 per share.


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