- CoinAnalyst Corp. (COYX) has signed a share purchase agreement (SPA) for all issued and outstanding shares of RockStock
- The definitive agreement governs its previously announced acquisition of all of the issued and outstanding shares of RockStock for aggregate consideration of $937,500
- The closing of the transaction is expected to occur on or about April 6, 2022
- The company will issue an aggregate of 3,750,000 common shares in the capital of CoinAnalyst at a deemed price of $0.25 per share to the shareholders of RockStock
- CoinAnalyst Corp (COYX) was up by $0.015 or 20.00 per cent at 12:17 ET, trading at $0.09
CoinAnalyst Corp. (COYX) has signed a share purchase agreement (SPA) to acquire all issued and outstanding shares of RockStock for $937,500.
The closing of the transaction is expected to occur on or about April 6, 2022.
RockStock Equities Inc.’s vision is to capitalize on the dramatic impact of blockchain technology, cryptocurrencies, and NFTs (non-fungible tokens) on the once beleaguered music industry.
“We are excited to welcome RockStock into the CoinAnalyst family,” said Pascal Lauria, CEO and Co-Founder of CoinAnalyst.
“The music industry has shown a great deal of interest in embracing blockchain technology, and we believe that the RockStock Platform, along with artist empowerment will set us apart from the competition,” he added.
Following the terms of the SPA, CoinAnalyst has agreed to purchase all of the issued and outstanding common shares of RockStock for consideration of $937,500 in accordance with the terms consistent with the binding letter of intent executed on January 20, 2022.
The company will issue an aggregate of 3,750,000 common shares in the capital of CoinAnalyst at a deemed price of $0.25 per share to the shareholders of RockStock, pro rata in proportion to their holdings in RockStock.
CoinAnalyst focuses on the business which includes an artificial intelligence-based big data analytics platform that enables investors in the digital asset sector and other industries to access a dashboard.
CoinAnalyst Corp (COYX) was up by $0.015 or 20.00 per cent at 12:17 ET, trading at $0.09.