Business
Acquisition of Hyperslot
Acquisition of Hyperslot.
About this update from Supernova Digital Assets Plc
[{"type":"text","content":"\n\nPress Release\n \n18 March 2024\n \nThis announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n \nSupernova Digital Assets PLC\n \n(\"Supernova\" or \"the Company\")\n \nAcquisition of Hyperslot\n \nSupernova Digital Assets (AQSE: SOL), a company specialising in the Solana ecosystem, is pleased to announce the completion of its acquisition of the entire issued share capital of Hyperslot PTE Limited (\"Hyperslot\") for a total consideration of £225,000, which is to be satisfied with the issue of 150,000,000 new Ordinary Shares of £0.001 each in the Company at an issue price of 0.15p per share (\"Consideration Shares\").\n \nApplication will be made for the Consideration Shares, which will rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on the AQSE Growth Market (\"Admission\"). Dealings are expected to commence on or around 21 March 2024. \n \nThe Share Purchase Agreement (SPA) also contains the customary warranties, covenants, undertakings and conditions attached to a transaction of this nature. Furthermore, the Consideration Shares will be subject to a lock-in agreement for six months from completion.\n \n \nTotal Voting Rights \nFollowing Admission, the Company's total issued and voting share capital will consist of 1,603,225,646 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. \n \nThe above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.\n \n \nAbout Hyperslot\nHyperslot is a Solana (SOL) validator company which has a compelling thesis around the future of the SOL in the developing world, with their core thesis being that it can build the largest developing world validator network, focusing on South America, Asia and Africa. The Company already has over 1,500 of their S...