TSXV:RABI.H - Post by User
Post by
Loonyon Dec 07, 2024 11:03pm
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Post# 36351374
AdRabbit PlayUp Deal Coming Soon? $35M CAD or USD?
AdRabbit PlayUp Deal Coming Soon? $35M CAD or USD?A-Labs Capital II Corp V.ALAB.P
$0.115
0.0 |
0.00%
Bid: 0.005 x 0 Ask: 0.350 x 0 Volume: 0
https://www.afr.com/companies/games-and-wagering/playup-searches-for-10m-as-it-untangles-itself-from-ftx-deal-20230712-p5dnp3
PlayUp’s attempts to list on the Nasdaq fell through in January. It had also been negotiating a sale to Sam Bankman-Fried’s FTX before the cryptocurrency exchange, which had said it would invest $US35 million ($51 million) in the company early last year, collapsed in November.
https://stockhouse.com/news/press-releases/2024/03/13/adrabbit-limited-announces-proposed-reverse-takeover-transaction-with-playup
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.