VANCOUVER, BC, Nov. 9, 2021 /PRNewswire/ -- Immutable Holdings Inc. (NEO:HOLD) ("Immutable Holdings"), a British Columbia corporation, announced today that it has entered into an asset purchase agreement for the acquisition of MyHBARWallet.com from LaunchBadge, LLC, a software engineering firm based in Citrus Heights, California. MyHBARWallet.com hosts an open-source, browser-based wallet for HBAR on the Hedera Hashgraph network.
Under the terms of the transaction, Immutable Holdings will acquire MyHBARWallet.com in exchange for a combination of cash and stock. LaunchBadge, LLC CEO Ken Anderson and CTO Ryan Leckey will continue operations and development of the product, now with the strategic support of Immutable Holdings. The acquisition is expected to be completed by December 1st, 2021.
"Wallets are foundational to the growth of any token based ecosystem. We're committed to investing in and growing the HBAR ecosystem and this acquisition is a great first step," said Jordan Fried, CEO of Immutable Holdings. "With our financial and strategic support, we believe MyHBARWallet can be one of the leading wallets in the ecosystem."
"We couldn't ask for a better partner in Immutable Holdings and Jordan Fried," said Anderson. "With Immutable's support, we look forward to making MyHBARWallet an even better experience for HBAR holders."
About Immutable Holdings Inc.
Immutable Holdings (NEO:HOLD), the Blockchain Holding Company, is on a mission to democratize access to Web3 and blockchain-based products and services. Founded by Jordan Fried, a founding team member of the $11B Hedera Hashgraph network, Immutable Holdings already boasts over $150M under management and a portfolio of businesses and brands built on the blockchain ecosystem: 1800Bitcoin.com, Central Bank Digital Currency (CBDC.com), HBAR Labs, Immutable Advisory, Immutable Asset Management and NFT.com. To learn more, visit https://immutableholdings.com/.
About MyHbarWallet.com
MyHbarWallet.com hosts an open-source, browser-based wallet for HBAR on the Hedera Hashgraph network.
Hedera is a registered trademark of Hedera Hashgraph LLC, and is not affiliated with Immutable Holdings Inc., MyHbarWallet.com or LaunchBadge, LLC
Completion of the transaction is subject to a number of conditions and there can be no assurance that the transaction will be completed as contemplated or at all.
Cautionary Note Regarding Forward Looking Information:
This news release contains "forward–looking information" within the meaning of applicable Canadian securities legislation, which is also referred to as "forward–looking statements". Such forward-looking statements may not be based on historical fact that involve known and unknown risks, uncertainties and assumptions that may not be realized. Wherever possible, words such as "will", "plans," "expects," "targets," "continues", "estimates," "scheduled," "anticipates," "believes," "intends," "may," "could," "would" or might, and the negative of such expressions or statements that certain actions, events or results "may," "could," "would," "might" or "will" be taken, occur or be achieved, have been used to identify forward–looking information.
Forward–looking statements should not be read as guarantees of future events, future performance or results, and will not necessarily be accurate indicators of the times at, or by which, such events, performance or results will be achieved, if achieved at all. A number of factors could cause actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements discussed in the forward-looking statements. These statements relate to future events or future performance and reflect management's current expectations and assumptions which, while considered reasonable by Immutable Holdings, are inherently subject to significant business, economic, regulatory, competitive, political and social uncertainties, and contingencies, including, but not limited to, the ability of Immutable Holdings to succeed in carrying out its business, satisfaction of the conditions to closing of the transaction discussed herein and that the parties will be able to obtain shareholder, director and regulatory approval, as applicable. The inclusion of forward-looking statements and information should not be regarded as a representation by Immutable Holdings or any other person that the anticipated results will be achieved and investors are cautioned not to place undue reliance on such information.Although Immutable Holdings has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended.
These forward-looking statements are made as of the date of this news release and, accordingly, are subject to change after such date. Immutable Holdings does not assume any obligation to update or revise this information to reflect new events or circumstances except as required in accordance with applicable laws.
Forward–looking statements contained in this news release are expressly qualified by this cautionary note.
Media Contact:
Alise Murawski
ImmutableHoldings@nextpr.com
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SOURCE Immutable Holdings
