CryptoBlox announces the acquisition of blockchain fintech company Blockchain Fintech

ChainCatcher news, CryptoBlox Technologies announced that it has signed a binding revised and restated share purchase agreement to acquire 100% of the shares of Blockchain Fintech Unipessoal LDA, a blockchain fintech located in Portugal.

According to the revised agreement, CryptoBlox will issue 25,000,000 shares of CryptoBlox common stock at a deemed price of $0.20 per share, valued at $5 million; however, this transaction is still subject to customary closing conditions, including approval from the Canadian Securities Exchange and due diligence requirements in Hong Kong.