500 Com Concludeded An Argement On The Acquisition Of Machines For Mineland Bitcoins

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March 11, 2022
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500 Com Acquires Machines for Mineland Bitcoins

500. Com limited announced the final agreement on the purchase with certiain us citizens, in accordance with which it is planted to issue ordinary shares of class a in the amount of about $ 14.4 million as a remuneration for the acquisition of maining machines bitcoins belonging to the sellers.

The company plans to release 11,882,860 new shares of class a worth 1.21 us dollar per share, which corresponds to $ 12.10 for the us depositary share ("hell"). This transaction depends on the implementation of certain conditions preceding its closure, including satisfactory execution by sellers of the necessary closing conditions. There can be no guarantees that closing conditions will be fulfilled or that the proposed transaction will be completed.

Subtut to the absence of delays in the schedule it is expected that this transaction will be closed in the fist quarter of 2021. After completing the transaction, the company plans to establish all machines for mineland bitcoins, acquired from sellers for four weeks. The company expects to starst receiving income in the fist half of 2021.

Source: official website 500. Com

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