Business
VizConnect, Inc. ($VIZC: OTC) Contemplates Shareholder Dividend upon Completion of Alpha City Transaction
VizConnect, Inc. ($VIZC: OTC) Contemplates Shareholder Dividend upon Completion of Alpha City Transaction.
About this update from Vizconnect, Inc.
[{"type":"text","content":"VizConnect, Inc. ($VIZC: OTC) Contemplates Shareholder Dividend upon Completion of Alpha City TransactionVizConnect is in final discussions with Alpha City Metaverse which, if completed, will be another pivotal moment in the growth and expansion of VizConnect and thereby, expands shareholder value.If VizConnect acquires an interest in Alpha City through a share exchange, the contemplated deal, if consummated, will benefit all VIZC shareholders. This strategic move aligns with VizConnect’s long-term vision to expand its business opportunities and create additional value for current shareholders. It is anticipated that when the deal closes shareholders of VizConnect will receive shares in the newly formed entity, distributed based on their holdings as of the transaction date.The company has been in discussions with Alpha City Metaverse, a digital hub for social interaction, entertainment, business, and virtual ownership. It blends Web3 technology with real-world experiences allowing users to engage in a dynamic, immersive economy. In Alpha City, you can own virtual properties, buy, sell, and develop virtual real estate, cars, businesses, and gaming. You can also attend concerts, conventions, fashion shows, or business summits. “These are just a few of the options that are available in the Metaverse, and as we continue to develop, the possibilities are endless” states Jorge Guinovart, CEO of Alpha Metaverse.Alpha City will have its own utility token $AMETA to be used as currency. The token will be traded on the base network and will be used for all transactions in the Metaverse. Most tokens once spent will be forever locked in the environment and some will be “burnt” or destroyed thus reducing the number of coins available.“We have entered the final stages of negotiations with Alpha City and are excited to see this transaction come to completion soon,” said Temba Mahaka, CEO of VizConnect. “This represents a major milestone in our growth strategy and underscores our commitment to delivering innovative opportunities to our shareholders and further growing our Advanced Technologies Division.”Jorge Guinovart, CEO of Alpha City, added: “This is a truly exciting time for us. After three years of dedicated development, we are thrilled to see our vision come to life. Partnering wi...