TSXV:RABI.H - Post by User
Post by
Loonyon Mar 15, 2024 7:07am
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Post# 35934364
AdRabbit Playup RTO CA$35M or US$35M?
AdRabbit Playup RTO CA$35M or US$35M?35MUSD= $47.4MCA
For PlayUp chief executive Daniel Simic, it all began with a late night phone call from FTX executives in July 2021. A Zoom call with Bankman-Fried soon followed, along with a quickfire agreement for the crypto giant to make a $US35 million investment to secure exclusive talks for a takeover of PlayUp.
https://www.smh.com.au/business/companies/how-playup-s-rollercoaster-ride-with-ftx-ended-in-legal-battle-20230124-p5cf3y.html
As consideration for the PlayUp Assets, and subject to customary adjustments, including a proposed 7.44 to one (1) share consolidation (the "Consolidation") of the issued and outstanding common shares of AdRabbit (the "Resulting Issuer Shares"), PlayUp will receive 100,000,000 common shares of AdRabbit (the "Common Shares") at an aggregate deemed issue price of $35,000,000, or $0.35 per Common Share.
https://www.newswire.ca/news-releases/adrabbit-limited-announces-proposed-reverse-takeover-transaction-with-playup-limited-869455082.html