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Intchains Group Ltd V.ICG


Primary Symbol: ICG

Technology Semiconductors
Intchains Group Ltd is a provider of integrated solutions consisting of computing application specific integrated circuit (ASIC) chip products for blockchain applications and a corporate holder of cryptocurrencies based on Ether (ETH). The Company utilizes a fabless business model and specializes in the front-end and back-end of Integrated circuit (IC) design, the two components of the IC product development chain. The Company’s products include computing ASIC chip products consisting of ASIC chips, computing equipment incorporating ASIC chips, ancillary software and hardware, the products are mainly used in the blockchain industry. The Company had built a technology platform named Xihe. The Company has developed hardware models and several systems under the Xihe Platform, including a factory production test system, an after-sales data system, a computing server system and a batch management system.


NDAQ:ICG - Post by User

Intchains Group Ltd > Strategic Investment Announced
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Comment by tomgraniteon Apr 10, 2016 11:06am
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Post# 24749391

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Strategic Investment Announced

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Strategic Investment Announced
People could be selling shares now, ready to pay for their exercise of the warrants. I think that was the theory being put forward. De Jong made a comment in an interview about $6mil of warrants now being in a situation of a possible force which is what started the speculation on a possible force. The reason why a company would enforce them is to make sure that they get the cash in. If Integra SP nosedived to below 30c by June, then people would not exercise them and Integra will have missed out on raising $6mil.
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