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Technology Software - Application

Adrabbit Ltd, former AppsVillage Australia Limited is an Israel-based company that has developed a Software-as-a-Service (SaaS) cloud-based platform that provides small-to-medium businesses with a way to develop their own branded mobile business applications as a means of connecting with their clients. The Company’s platform enables small-to-medium businesses to create, manage and share their... see more

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Adrabbit Ltd > AdRabbit PlayUp Deal Coming Soon? $35M CAD or USD?

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Post by Loony on Dec 07, 2024 11:03pm

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.