Tokens.com to Acquire Remaining Minority Stake in Metaverse Group
April 18, 2023
Tokens.com Corp. agreed to acquire the remaining issued and outstanding shares of Metaverse Group Ltd. that it does not already own, moving from a majority stake to 100% ownership. The consideration will be paid via issuance of 24,380,000 Tokens.com common shares, subject to shareholder and NEO Exchange approval, with an expected closing in May 2023.
- Buyers
- Tokens.com Corp
- Targets
- Metaverse Group Ltd
- Sellers
- Minority shareholders of Metaverse Group Ltd
- Industry
- Cloud & SaaS
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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