Tokens.com and COIN Hodl Announce Receipt of NEO Conditional Approval for Listing
06 April 2021 - 9:30PM
Tokens.com Inc. ("
Tokens") and COIN Hodl Inc.
(TSXV: COIN) ("
COIN") are pleased to announce that
they have received the conditional approval of the Neo Exchange
Inc. ("
NEO") for the listing on NEO of the issuer
resulting from the previously announced reverse takeover of COIN by
Tokens (the "
Transaction"). NEO is a senior stock
exchange that offers enhanced liquidity and increased access to
retail and institutional investors.
In connection with the Transaction, among other
things, Tokens will amalgamate with a wholly-owned subsidiary of
COIN, all of the outstanding common shares of Tokens will be
exchanged for COIN Shares, and COIN will change its name to
"Tokens.com Corp.", or such other name as determined by Tokens.
"Through our unique business plan, we've created
significant shareholder value as a private entity," said Andrew
Kiguel, CEO of Tokens. "We're now ready to bring our platform to a
broader audience through a public listing on the NEO."
In conjunction with the conditional approval to
list the COIN Shares on NEO, COIN will apply to the TSX Venture
Exchange (the "TSXV") for delisting of the COIN
Shares from the TSXV. The migration is not expected to impact the
ability of current COIN shareholders to trade COIN Shares following
the completion of the Transaction, although trading will remain
halted until the Transaction has closed. The trading symbol for the
COIN Shares, before and after the completion of the Transaction, is
expected to remain "COIN".
Listing of the COIN Shares is subject to COIN
and Tokens fulfilling all of NEO's listing requirements on or
before June 10, 2021, including the minimum distribution
requirements, and will be subject to receipt of final approval of
the NEO, as well as any other necessary regulatory or shareholder
approvals. Completion of the Transaction is also subject to a
number of conditions. There can be no assurance that the
Transaction will be completed as proposed or at all.
None of the COIN Shares to be issued in
connection with the Transaction have been, or will be, registered
under the United States Securities Act of 1933, as amended (the
"1933 Act"), or any state securities laws, and may
not be offered or sold within the United States or to any U.S.
Person (as defined in Regulation S under the 1933 Act) unless
registered under the 1933 Act and applicable state securities laws
or an exemption from such registration is available. This news
release does not constitute an offer to sell or a solicitation of
an offer to sell any COIN Shares in any jurisdiction where such
offer or solicitation would be unlawful, including the United
States.
Investors are cautioned that, except as
disclosed in the filing statement to be prepared in connection with
the Transaction, and to be filed prior to listing on NEO, any
information released or received with respect to the Transaction
may not be accurate or complete and should not be relied upon.
Trading in COIN Shares should be considered highly speculative.
For further information, please contact:
COIN Hodl Inc.Ben CubittChief Executive
OfficerTelephone: (416) 479-5407Email: ir@coinhodlinc.com |
Tokens.com Inc.Andrew Kiguel, Chief Executive
OfficerEmail: contact@tokens.comMedia Contact:Megan Stangl – Talk
Shop MediaEmail: Megan@talkshopmedia.com |
Neither TSX Venture Exchange, its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange), nor NEO accepts
responsibility for the adequacy or accuracy of this
release.
ABOUT TOKENS
Tokens.com is a Proof-of-Stake technology
company that provides investors with a simple and secure way to
gain exposure to staking rewards and cryptocurrencies. Tokens
provides investors with exposure to the digital assets that power
Decentralized Finance and Non-Fungible Tokens, without the burden
of buying, managing and securing digital assets themselves. Tokens
creates value for its investors through earning staking yields and
the appreciation of its digital asset inventory, all achieved
through environmentally friendly technology.
CAUTIONARY NOTE REGARDING
FORWARD-LOOKING INFORMATION:
This news release contains “forward-looking
information” and “forward-looking statements” (collectively,
“forward-looking statements”) within the meaning of applicable
Canadian securities laws. All statements other than statements of
historical fact are forward-looking statements, and are based on
expectations, estimates and projections as at the date of this news
release. Any statement that involves discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives,
assumptions, future events or performance often using phrases such
as “expects”, “anticipates”, “plans”, “budget”, “scheduled”,
“forecasts”, “estimates”, “believes” or “intends”, or variations of
such words and phrases, or stating that certain actions, events or
results “may” or “could”, “would”, “might” or “will” be taken to
occur or be achieved, are not statements of historical fact and may
be forward-looking statements. In this news release,
forward-looking statements relate, among other things, to the terms
and conditions of the Transaction; the expected migration of the
listing of the COIN Shares from the TSXV to NEO; the expected
benefits of listing on NEO; and the business of Tokens.
Forward-looking statements are necessarily based upon a number of
estimates and assumptions that, while considered reasonable, are
subject to known and unknown risks, uncertainties and other factors
which may cause actual results and future events to differ
materially from those expressed or implied by such forward-looking
statements. Such factors include: general business, economic,
competitive, political and social uncertainties; delay or failure
to receive any necessary board, shareholder or regulatory
approvals, including the approval of any applicable regulatory
authority; the risk that a regulatory authority may not approve the
Transaction on the terms proposed or at all; that factors may occur
which impede or prevent Tokens’ future business plans; and other
factors beyond the control of COIN and Tokens. There can be no
assurance that such statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on the forward-looking statements and
information contained in this news release. The terms and
conditions of the Transaction may change based on the receipt of
tax, corporate and securities law advice for each of the parties.
Except as required by law, COIN and Tokens assume no obligation to
update the forward-looking statements, whether they change as a
result of new information, future events or otherwise, except as
required by law.
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