Blockchain

CoinAnalyst Corp. (CSE: COYX) (FSE: 1EO) ("CoinAnalyst" or the "Company") is pleased to announce that it has signed a Share Purchase Agreement ("SPA") with RockStock Equities Inc. ("RockStock") and all of the shareholders of RockStock dated April 1, 2022, which is the definitive agreement governing its previously announced acquisition of all of the issued and outstanding shares of RockStock for aggregate consideration of $937,500 (the "Transaction"). The closing of the Transaction is expected to occur on or about April 6, 2022. Transaction details and remaining steps are described more fully below. All dollar amounts are quoted in Canadian Dollars.

About RockStock

RockStock Equities Inc.'s vision is to capitalize on the dramatic impact of blockchain technology, cryptocurrencies, and NFTs on a once beleaguered music industry. With a primary focus on developing an artists/fans platform (the "RockStock Platform"), RockStock intends to facilitate and empower artists through a state-of-the art app platform allowing artists to directly monetize their music, create "pay-per-view" performances and participate in the exciting new world of NFT revenue generation. For the fans, it is an opportunity to connect and support the artists they love through a multi genre, online competition and participate in profit opportunities to be created through the purchase of artist security tokens and NFTs. For more information about RockStock, please visit www.myrockstock.com.

"We are excited to welcome RockStock into the CoinAnalyst family. The music industry has shown a great deal of interest in embracing blockchain technology, and we believe that the RockStock Platform, along with artist empowerment will set us apart from the competition. In addition, the data will help drive our Insights Platform to provide a unique perspective into the world of music. Imagine coming across the next star, before they gain superstardom. This acquisition gives us the foundation to make that possible," said Pascal Lauria, CEO and Co-Founder of CoinAnalyst.

Overview of the Transaction

Pursuant to the SPA, the Company has agreed to purchase all of the issued and outstanding common shares of RockStock (the "RockStock Shares") for consideration of $937,500 (the "Purchase Price") in accordance with the terms consistent with the binding letter of intent (the "LOI") executed on January 20, 2022. The Company will issue an aggregate of 3,750,000 common shares in the capital of CoinAnalyst (the "Consideration Shares") at a deemed price of $0.25 per share to the shareholders of RockStock (the "RockStock Shareholders"), pro rata in proportion to their holdings in RockStock. The parties to the SPA agreed that an additional up to 250,000 common shares in the capital of CoinAnalyst (the "Earnout Shares") at a deemed price of $0.25 per share shall be issued to the RockStock Shareholders, prorata in proportion to their holdings in RockStock, if, at the end of 6 months period immediately following the closing of the Transaction, RockStock has developed a minimum viable product ("MVP") for its mobile app and web app of the RockStock Platform.

The securities issued pursuant to the Transaction are subject to contractual restrictions on trading (the "Lock-Up Agreements"), and will be released to each RockStock Shareholder as follows: (i) 10% of the Consideration Shares at the closing and 15% increments on each successive three months anniversary of closing; and, in the case of the Earnout Shares, 10% of the Earnout Shares to be released on the date of issuance of the Earnout Shares and 15% increments on each successive three months anniversary of the date of issuance.

The Company will appoint David Abbott, the principal of RockStock, to its board of directors (the "Board"). In addition, the Company will enter into consulting agreements with David Abbott and Christelle Dussault.

The Transaction, including the proposed issuance of Consideration Shares and Earnout Shares, is subject to customary closing conditions including the receipt of any required regulatory and exchange approvals.

About CoinAnalyst

CoinAnalyst focuses on the business which includes an artificial intelligence ("AI")-based big data analytics platform (the "Platform") that enables investors in the digital asset sector and other industries to access a dashboard. The dashboard monitors and analyzes real-time data from the digital asset market (Coins/Tokens/NFTs/initial offerings). The Company's software monitors news sources, tracks influencers, scans online social media, and provides sentiment analysis, forecast and trade signals on the top 300 digital assets. Additionally, the software system provides news, price quotes and allows for messaging.

To learn more about CoinAnalyst, please visit https://coinanalyst.tech/en/.

For more information, please contact:

Andrew Sazama
Chief Operating Officer and Director
Email: contact@coinanalyst.tech
Phone: + 49 69 2648485 - 20

Forward-Looking Information and Statements

This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements.

Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding: the Company's ability to close the Transaction on or about April 6, 2022; the ability of RockStock to develop MVP within prescribed time or at all; the ability of RockStock to capitalize on blockchain technologies, cryptocurrencies and NFTs; the ability of RockStock to develop and maintain the RockStock Platform; the ability of RockStock to add develop functionality of the RockStock Platform which will allow for monetization, "pay-per-view" performances and NFT generations; the appointment of David Abbott to the Board; the entering into the consulting agreements; the entering into the Lock-Up Agreements; the ability of RockStock to develop MVP for mobile and web apps of the RockStock Platform within prescribed time or at all; and the parties' ability to satisfy closing conditions and receive necessary approvals;

Forward-looking information in this news release is based on certain assumptions and expected future events, namely: the Company's ability to continue as a going concern; the continued commercial viability and growth in popularity of the RockStock's Platform; the continued approval of the Company's activities by the relevant governmental and/or regulatory authorities; the continued development of the RockStock's technologies, including the RockStock Platform; the continued growth of the Company and RockStock; RockStock's ability to finance the development of the MVP; the Company's ability to finance the closing of the Transaction; andthe ability of the Company to fulfil the requirements of the Canadian Securities Exchange in respect of the Transaction.

These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the potential inability of the Company to continue as a going concern; the risks associated with the technology, cryptocurrency and data industries in general; incorrect assessment of the value and potential benefits of the Transaction; risks associated with potential governmental and/or regulatory action with respect to the Company's activities; risks associated with the Company's potential inability to obtain regulatory approval with respect to the Transaction; the Company's inability to close the Transaction on or about April 6, 2022; the risks associated with the technology, cryptocurrency and data industries in general; increased competition in the technology, data and AI markets; the potential future unviability of the Company's and RockStock's services or product offerings; the inability of RockStock to develop MVP within the prescribed time or at all; the inability of RockStock to capitalize on blockchain technologies, cryptocurrencies and NTFs as intended or at all; the risks associated with the development and maintenance of the RockStock Platform; and the risks with respect to market demand for RockStock's products.

Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful.

NOT FOR DISSEMINATION IN THE U.S. OR THROUGH U.S. NEWSWIRES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/119149

News Provided by Newsfile via QuoteMedia

COYX:CC
CoinAnalyst Corp. Provides Bi-Weekly Status Report

CoinAnalyst Corp. Provides Bi-Weekly Status Report

CoinAnalyst Corp. (CSE: COYX) (FSE: 1EO) (the "Corporation") is providing this bi-weekly default status report (the "Default Status Report") in accordance with National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults ("NP 21-203"). On April 26, 2022, the Corporation announced (the "Default Announcement") that, for reasons disclosed in the Default Announcement, the filing of the Corporation's audited annual financial statements, management's discussion and analysis, and related certifications for the fiscal year ended December 31, 2021 (collectively, the "Annual Filings") would not be completed by the prescribed deadline of May 2, 2022.

As a result of this delay in filing the Annual Filings, the Corporation's principal regulator, British Columbia Securities Commission, granted a temporary management cease trade order (the "MCTO") to the Corporation/ The MCTO prohibits all trading by the Chief Executive Officer and the Chief Financial Officer of the Corporation, and such other directors, officers and persons as determined by the applicable regulatory authorities, in securities of the Corporation until the MCTO is revoked. The Corporation's board of directors and management confirm that they are working expeditiously to meet the Corporation's obligations relating to the filing of the Annual Filings, with the goal of filing prior to June 30, 2022.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
CoinAnalyst Corp. Announces Receipt of Management Cease Trade Order

CoinAnalyst Corp. Announces Receipt of Management Cease Trade Order

CoinAnalyst Corp. (CSE: COYX) (FSE: 1EO) (the "Corporation") announces that, further to its April 26, 2022 news release, its application for a temporary management cease trade order (the "MCTO") under National Policy 12-203 - Management Cease Trade Orders ("NP 12-203") has been approved by the British Columbia Securities Commission (the "BCSC"). The MCTO does not affect the ability of investors who are not insiders to trade in the securities of the Corporation.

The Corporation announced on April 26, 2022 (the "DefaultAnnouncement") that it was filing an application seeking a MCTO from the BCSC because it was likely to miss its filing deadline of May 2, 2022 to file its audited annual financial statements for the year ended December 31, 2021, and accompanying management's discussion and analysis, and related certifications (collectively, the "Documents"), as required under the applicable securities laws. The inability to file the Documents is due a combination of factors, including that the Corporation became aware that the prior auditor will not able to take on mandate late following which the Corporation initiated immediate search for a new auditor, which took longer than expected as auditors are increasingly hesitant to take on crypto mandates, the hiring and onboarding of new auditor, and delays in audit of the new auditor as it needed to undergo additional procedures. The Corporation continues to work closely with its auditor and expects to file the Documents by June 30, 2022.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
CoinAnalyst Corp. Announces Application for Management Cease Trade Order

CoinAnalyst Corp. Announces Application for Management Cease Trade Order

CoinAnalyst Corp. (CSE: COYX) (FSE: 1EO) (the "Corporation") announces that it has made an application to the British Columbia Securities Commission to approve a temporary management cease trade order (the "MCTO") under National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults ("NP 21-203"), which, if granted, will prohibit trading in securities of the Corporation by the chief executive officer and chief financial officer of the Corporation until such time as the Required Filings (as defined below) and all continuous disclosure requirements have been filed by the Corporation, and the MCTO has been lifted. During the period in which the MCTO is effective, the general public, who are not insiders of the Corporation, will continue to be able to trade in the Corporation's listed securities. The MCTO application has been made, but there is no guarantee or assurance that the MCTO will be granted.

The Corporation expects it will be unable to file its audited financial statements for the year ended December 31, 2021, and the management's discussion and analysis and related Chief Executive Officer and Chief Financial Officer certificates for this period (collectively, the "Required Filings") before the May 2, 2022 filing deadline (the "Filing Deadline").

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
CoinAnalyst Corp.: Default Announcement

CoinAnalyst Corp.: Default Announcement

CoinAnalyst Corp. (CSE: COYX) (FSE: 1EO) (the "Corporation") provides this default announcement indicating the Corporation's anticipated failure to file its annual financial statements for the year ended December 31, 2021, related management discussion and analysis and certifications (collectively, the "Financial Statements") before the prescribed filing deadlines.

The reasons for the default in filing of the Financial Statements prior to the required date is due to a combination of factors, including that the Corporation became aware that prior auditor will not able to take on mandate late following which the Corporation initiated immediate search for a new auditor, which took longer than expected as auditors are increasingly hesitant to take on crypto mandates, the hiring and onboarding of new auditor, and delays in audit of the new auditor as it needed to undergo additional procedures.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
CoinAnalyst Corp. Announces Change in Auditors

CoinAnalyst Corp. Announces Change in Auditors

CoinAnalyst Corp. (CSE: COYX) (FSE: 1EO) (the "Company") announces that it has changed its auditor from Stern & Lovrics LLP (the "Former Auditor") to Bassi & Karimjee LLP, Chartered Accountants (the "Successor Auditor") effective April 25, 2022.

The Former Auditor resigned effective as of April 25, 2022, at the Company's request, and the Company's board of directors appointed the Successor Auditor to fill the resulting vacancy until the close of the next annual meeting of the Company's shareholders.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Investing in Blockchain ETFs

Investing in Blockchain ETFs

Cryptocurrency investors have experienced a real rollercoaster over the last few years, so why should you consider investing in blockchain exchange-traded funds (ETFs)?

The likes of bitcoin, ethereum and ripple have all reached incredible highs and then crashed, and investors have seen big gains and big losses. The cryptocurrency space remains volatile but exciting, and many are interested in how to enter and make money in this developing sector.

However, depending on how you look at it, perhaps an even bigger story is blockchain, the technology behind cryptocurrencies. Blockchain is the mechanism by which digital currencies are “mined” into existence, and it has become a popular investment in its own right for savvy investors.

Keep reading...Show less
physical token of bitcoin being secured in pocket

Why is Crypto Down?

A variety of factors have played a role into the ongoing volatility and downward trend in prices for cryptocurrency investments.

While cryptocurrencies have vaulted in terms of mainstream interest as a radical new form of investment, their ever-present volatile nature has continued to plague investors.

Here the Investing News Network (INN) offers a breakdown what is ailing the value of cryptocurrencies.

Keep reading...Show less
a person in a suit signing a paper

NEO Exchange Goes Global After Cboe Acquisition

A new acquisition has brought the Canadian stock market closer to the global stage.

The Toronto-based NEO Exchange was acquired by Cboe Global Markets (BATS:CBOE) in June, bringing the emerging securities exchange to a wider array of investors.

The market infrastructure and tradable products provider completed the deal for an undisclosed amount using “existing credit facilities and cash on hand."

Keep reading...Show less
Arcology Launches New Website Aimed at Developers

Arcology Launches New Website Aimed at Developers

Arcology Network Takes Significant Step In Broadening Awareness with the Developer Community as per Update from Arcology's Leadership Team regarding Cypher's investment in Arcology parent, Capital Blocktech Inc.

Cypher Metaverse Inc. ("Cypher'' or the "Company") (CSE:CODE)(FSE:C5B)(OTCQB:BKLLF) is pleased to provide an update from Arcology's leadership team, as Arcology has launched a new website with advanced capabilities to spur the next phase of its growth. Arcology is owned by Capital Blocktech Inc., of which Cypher owns 30

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
physical token of bitcoin on top of laptop

Should Investors Follow the Bitcoin Fear and Greed Index?

Bitcoin has come a long way from being a fringe digital asset to a mainstream opportunity for investors.

But the rapid onset of this emerging opportunity has caught people off guard, with some wondering whether it’s too late to jump in — especially considering the volatility of the top cryptocurrency and other leading digital assets.

One measuring tool that has captured the attention of market participants when it comes to bitcoin is the Fear and Greed Index, a self-described “multifactorial market sentiment analysis.”

Keep reading...Show less
Ways to Invest in Blockchain

Ways to Invest in Blockchain

Blockchain technology is increasingly being implemented in business processes across a variety of industries, meaning now may be the best time to learn about ways to invest in blockchain.

A blockchain is a digitized and decentralized public ledger of all cryptocurrency transactions. Blockchains are constantly growing as completed blocks are recorded and added in chronological order; the appeal is that this enables digital currency transactions to be tracked and verified without central record keeping.

The technology is becoming increasingly mainstream, and many investors are looking for ways to cash in on this exciting industry. Read on for a look at the basics of how to invest in blockchain.

Keep reading...Show less

Latest Press Releases

Related News

×