BIGG Digital Assets Acquires TerraZero Technologies Inc.
August 25, 2023
BIGG Digital Assets Inc. entered into a definitive agreement to acquire all outstanding shares of TerraZero Technologies Inc. for approximately 62 million BIGG common shares (valued at about $20 million), with closing expected in September 2023 subject to shareholder and regulatory approvals. TerraZero, a Vancouver-based Web3/metaverse development firm serving clients such as PwC, Warner Music and Miller Lite, will become a wholly-owned subsidiary and is expected to expand BIGG's metaverse capabilities and revenue streams.
- Buyers
- BIGG Digital Assets Inc.
- Targets
- TerraZero Technologies Inc.
- Sellers
- TerraZero shareholders
- Industry
- Software
- Location
- British Columbia, Canada
- Transaction Type
- Buyout
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