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CryptoGlobal Corp. Completes Acquisition of Blockchain Dynamics Inc.

Published: 03/29/2018

Team: Jay Goldman, Lindsay Clements, David Gardos

On March 29, 2018, CryptoGlobal Corp. completed the acquisition of all of the outstanding shares of Blockchain Dynamics Inc., a private issuer that provides enterprise-grade cold storage and crypto security solutions, and also operates a specialized crypto trading desk to take advantage of opportunities across the spectrum of cryptocurrencies. As consideration for the acquisition, CryptoGlobal issued 21,661,636 common shares at a deemed value of $1.40 per share for a total transaction value of approximately $30 million. 

Cassels Brock represented CryptoGlobal with a team that included Jay Goldman, Lindsay Clements, David Gardos, and Matt Gold (Securities and Emerging Companies & Technology).