HyperBlock and CryptoGlobal Shareholders Vote in Favour of Acquisition

Shareholders of HyperBlock and CryptoGlobal (TSXV:CPTO) have voted in favor of a proposed acquisition to create a combined company.

As quoted in the press release:

“Clearly, shareholders support and share our belief in a diversified crypto innovator that’s dedicated to helping people and businesses create, safeguard, manage and grow crypto,” explains HyperBlock CEO Sean Walsh.  Walsh says the newly combined company is poised to scale quickly through organic growth and acquisitions.

Shareholder Vote to Support Acquisition
At the annual and special meeting of shareholders of CryptoGlobal, and at the special meeting of shareholders of HyperBlock, each held earlier today, the shareholders of both CryptoGlobal and HyperBlock overwhelmingly voted in favour of a special resolution to approve an arrangement, pursuant to which HyperBlock will acquire all of the common shares of CryptoGlobal by way of a court approved plan of arrangement (the “Arrangement”) under the Business Corporations Act (Ontario).

At the CryptoGlobal meeting, a special resolution authorizing the Arrangement (the “CryptoGlobal Arrangement Resolution”) was approved by approximately 99.73% of CryptoGlobal shareholders who participated in the vote — either in-person or by proxy.  The CryptoGlobal shareholders who participated in the vote represented approximately 71% of all issued and outstanding CryptoGlobal shares entitled to vote on the CryptoGlobal Arrangement Resolution.  At the HyperBlock meeting, a special resolution authorizing the Arrangement was approved by 100% of HyperBlock shareholders who participated in the vote — either in-person or by proxy.

Click here to read the full press release.