KryptoBank Co. completed the acquisition of W Technologies, Inc. in a reverse merger transaction for approximately $300 million.
July 29, 2021
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KryptoBank Co. entered into a share exchange agreement to acquire W Technologies, Inc. (OTCPK:WTCG) in a reverse merger transaction on June 14, 2021. Pursuant to the share exchange agreement, W Technologies will acquire 100% of KryptoBank's issued and outstanding common stock in exchange for the issuance by W Technologies of common stock representing 90% of W Technologies' issued and outstanding common stock. The transaction is subject to all necessary approvals from all required authorities, approval of Boards of Directors of W Technologies and KryptoBank, completion of W Technologies' due diligence investigation of KryptoBank and completion of KryptoBank's due diligence investigation of W Technologies. The transaction is expected to close on July 31, 2021. Laura Anthony of Anthony L.G., PLLC acted as legal advisor to W Technologies.
KryptoBank Co. completed the acquisition of W Technologies, Inc. (OTCPK:WTCG) in a reverse merger transaction for approximately $300 million on July 29, 2021.
OpenLocker Holdings, Inc. (OpenLocker) is a technology platform for athletes and brands. OpenLocker builds fan communities on the Blockchain, primarily for colleges and universities using student-athletes Name, Image and Likeness (NIL). OpenLocker increases engagement among fans, athletes and brands through digital and physical collectibles and provides user utility, perks and experiences. OpenLocker delivers digital loyalty and marketing within sports and entertainment and across other industries. OpenLocker also offers physical collectibles, including autographed collectibles and personalized experiences (meet-and-greet or customized activity) with the athlete, arranged by OpenLocker with the athletes input and approval. It connects the digital and physical worlds by creating wallet-sized physical collectibles with the digital art printed on one side with a quick response (QR) code that directs to the fan community Website. Its portfolio includes OpenStable, Lionz Club and others.