LXCCoin Ltd. entered into a non-binding letter of intent agreement to acquire NXChain Inc. (OTCPK:NXCN) from Havanti AS, Eudora Partners LLC, and other sellers in a reverse merger transaction on March 10, 2016. LXCC will be merged with NXCN, which will remain the surviving entity, and that LXCC's shareholders will own approximately 90% of the post-merged fully-diluted shares of NXCN. Completion of the merger is contingent upon certain closing conditions, including customary due diligence considerations, the negotiation, execution and delivery of a merger agreement by the parties, and Board and stockholder approval.
1st Jan change | Capi. | |
---|---|---|
-18.42% | 18TCr | |
+1.02% | 17TCr | |
+3.37% | 16TCr | |
+5.18% | 9.93TCr | |
+53.86% | 9.38TCr | |
+14.73% | 8.41TCr | |
-3.50% | 7.38TCr | |
-2.39% | 4.64TCr | |
-34.24% | 4.26TCr |