JanOne, a US-listed company, acquires blockchain financial technology provider ALT 5 Sigma Inc.

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Cointime2024/05/11 08:13

By:Cointime

JanOne, a US-listed company, has announced its acquisition of blockchain financial technology provider ALT 5 Sigma Inc., its subsidiaries, and wholly-owned subsidiaries, including its cryptocurrency payment gateway ALT 5 Pay and digital asset OTC trading platform ALT 5 Prime. The acquisition is expected to be completed during the week of May 13, 2024, subject to customary closing conditions and applicable regulatory requirements. The specific acquisition amount has not been disclosed, but it has been revealed that at the time of the acquisition, JanOne will issue 1,799,100 common shares to ALT 5's former shareholders, accounting for approximately 19.9% of the common shares already issued by JanOne as of May 10, and 34,207 of its Series B non-convertible, non-redeemable preferred shares.

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