DATI Bullet Blockchain Finalizing Negotiations in Mergerhttps://www.accesswire.com/659396/Bullet-Blockchain-Finalizing-Negotiations-in-Merger-With-US-Public-Company Management indicated that with the assistance of the Public Accelerator-Incubator, Digital Asset Monetary Network, Inc. ('DigitalAMN'), over the past few months, Bullet Blockchain has been working diligently to initiate a possible reverse merger with an alternative reporting, OTC Markets pink sheet company. Negotiations had persisted at a steady pace as both Bullet and the merger target had some housekeeping to tend to. However, now that the Company has met expectations-taking possession of 3,500 ASIC Miners to solidify its initial bitcoin mining operations-management believes that the Company can quickly complete the merger and Bullet can responsibly enter the U.S. marketplace.
A primary focus of the targeted merger is the care given to how the public entity will ultimately be restructured. While it's often customary for there to be a reorganization of the capitalization table (i.e. reverse stock splits, increase to authorized shares, etc.), protecting existing shareholders, during and after a restructuring of the ‘cap table', is of the utmost importance to DigitalAMN and Bullet's management. This is particularly true as the intent is to continuously build shareholder confidence through operating a successful business and delivering on the Company's long-term value proposition.