TSXV:RABI.H - Post by User
Post by
Loonyon Apr 05, 2024 9:45pm
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Post# 35974319
Will SBF's $35M Dream Become Reality?
Will SBF's $35M Dream Become Reality?On the strategic investment, PlayUp confirmed that it received $35m from Sam Bankman Fried‘s crypto exchange, FTX in Q4 2021. The financing round will be used, said the firm, primarily to accelerate its US market access.
FTX Head of Product Ramnik Arora commented: “We are delighted to have an investment in PlayUp. We believe PlayUp is at a pivotal moment in its corporate journey.”
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
GLTA!;)