Graph Blockchain (CSE: GBLC) this morning announced that closing of the acquisition of Beyond The Moon. The crypto-focused firm currently enables investors to gain access to what is referred to as a crypto launchpad.
Beyond The Moon facilitates access to early-stage crypto tokens for investors, before they launch on decentralized exchanges. Effectively, the firm works in the world of crypto launchpads, where they provide access to the very first public investment rounds of such coins, referred to as DEX offerings.
The platform effectively enables the potential for high returns, as a result of getting in on the earliest rounds of financing for such projects. The platform manages all aspects of the launchpad, which will now be integrated with Graph’s current offerings to provide shareholders with access to such opportunities.
“Graph’s acquisition of Beyond the Moon gives our shareholders exposure to quality Initial DEX Offerings and early adoption of new crypto tokens. By adding Beyond the Moon to our group of companies, we gain access to even earlier rounds of any upcoming token presales to add value to Graph’s portfolio of altcoins.”
Paul Haber, CEO of Graph Blockchain
Under the terms of the arrangement, Beyond the Moon was acquired for a figure of $6.0 million. Total consideration was satisfied via the issuance of 46.2 million units of the company at a price of $0.13 per unit. Each unit contains one common share and one half of a purchase warrant, which is valid for a period of 2 years at a price of $0.18 per share.
Graph Blockchain last traded at $0.085 on the CSE.
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