Tokens.com Management Team Acquires Common Shares in Open Market
28 February 2024 - 11:28PM
Business Wire
Tokens.com Corp. (Cboe Canada: COIN) (Frankfurt Stock Exchange:
76M) (OTCQB US: SMURF) (“Tokens.com” or the “Company”), a
technology holding company that owns an inventory of
cryptocurrencies, is pleased to share that certain members of its
senior management team have purchased an aggregate of 500,000
common shares on the open market, between February 22, 2024 and
February 27, 2024.
Andrew Kiguel, CEO, acquired 300,000 common shares, bringing his
total ownership of common shares to 15,965,000. Martin Bui, CFO,
acquired 170,000 common shares, and Jennifer Karkula, Head of
Communications, acquired 30,000 common shares.
"Management believes that the intrinsic value of the Tokens.com
shares has been overlooked by the market. Management believes in
the potential of our Company," said Andrew Kiguel, CEO of
Tokens.com. "Our management team shares this conviction, evident in
their decision to bolster their stake by purchasing additional
common shares. We are excited by the near-term and long-term growth
prospects of the Company."
In November 2023, Tokens.com commenced a strategic review,
which, among other things, precipitated the recent sale by the
Company of the assets comprising the Metaverse Group and Hulk Labs.
The board of directors and the senior management team of the
Company remain actively engaged in exploring several possible
transactions with a view to propeling the business forward and
enhancing shareholder value.
About Tokens.com
Tokens.com is a technology holding company that also owns an
inventory of cryptocurrency and a collection of top ranked crypto
related domain names.
Visit Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online
communities on Twitter, LinkedIn, Facebook, Instagram and
YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as
well as management’s objectives, strategies, beliefs and
intentions. Forward looking statements are frequently identified by
such words as “may”, “will”, “plan”, “expect”, “anticipate”,
“estimate”, “intend” and similar words referring to future events
and results. Forward-looking statements in this news release
include statements relating to the strategic review process and the
work of the Committee; whether a strategic change, transaction or
any outcome will result from or be consummated or implemented as a
result of the strategic review process; and whether any transaction
resulting from the strategic review process, if any, will
ultimately enhance shareholder or stakeholder value in the long
term.
Forward-looking statements are based on the current opinions and
expectations of management. All forward-looking information is
inherently uncertain and subject to a variety of assumptions, risks
and uncertainties, including the speculative nature of
cryptocurrencies, as described in more detail in our securities
filings available at www.sedar.com. Actual events or results may
differ materially from those projected in the forward-looking
statements and we caution against placing undue reliance thereon.
We assume no obligation to revise or update these forward-looking
statements except as required by applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240228353475/en/
Tokens.com Corp.
Andrew Kiguel, CEO Email: contact@tokens.com Jennifer Karkula,
Head of Communications Email: contact@tokens.com
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