IFLR1000

HyperBlock Technologies $106 million proposed reverse takeover of CryptoGlobal

3/4/2018
Public acquisition
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$ 106 million

Announced

3/4/2018

Overview:

  • HyperBlock Technologies has proposed a $106 million reverse takeover of CryptoGlobal.
  • The deal represents a 48% premium to the closing price prior the deal and 31% to the 10-day VWAP.
  • Canaccord Genuity has provided financial advice to HyperBlock. 

Katrin Kostadinova - Data analyst

Jurisdiction:

Canada

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

Canada

Industry sector:

Technology and telecommunications

Firms:
Bennett Jones

Party: CryptoGlobal (Target)

Stikeman Elliott

Party: HyperBlock Technologies (Acquirer)

Lawyer: Michael Burkett

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