Tokens.com Corp. (OTCPK:SMUR.F) entered into a share purchase agreement to acquire Simulacra Corporation for $9.3 million on April 4, 2024. Tokens.com will issue 75 million common shares to Simulacra shareholders in consideration for the acquisition. This will equate to approximately 38% of outstanding common shares of Tokens.com on the completion of the transaction. The common sharesissued to Simulacra shareholders will be escrowed for 12 months and then gradually released between months 12 to 24 following the closing date. Tokens.com will also grant an aggregate of 7,500,000 stock options in exchange for the cancellation of 567,101 stock options of Simulacra. In addition, Simulacra shareholders will have the opportunity to earn an additional 10 million Tokens.com shares if they achieve revenue targets of $8 million within any 12 month period during the first 24 months following the completion of the transaction and an additional 10 million Tokens.com shares if they achieve revenues of $10 million with any 12 month period between months 24 and 48 following the closing date. The transaction is subject to customary closing conditions, including approval from the TSXV. On the completion of the transaction, Matt McMullen will join Tokens.com as President and as a director. It is expected that the transaction will close on or about April 16, 2024. The transaction is expected to be revenue accretive to Tokens.com shareholders.

Tokens.com Corp. (OTCPK:SMUR.F) completed the acquisition of Simulacra Corporation on April 18, 2024.