other material
confidence high
sentiment neutral
materiality 0.85
W Technologies completes reverse merger with Krypto Ventures, becoming crypto investment holding company
Crisp Momentum Inc.
- Acquired 100% of Krypto Ventures for 233,474,958 shares (90% of post-deal common stock).
- Krypto Ventures becomes wholly-owned subsidiary; new business is crypto asset investment and development.
- New leadership: Aleksandr Rubin CEO, Meir Wexler CIO; prior officer/director Mikael Lundgren resigned.
- Pre-closing: issued 7,678,732 shares to extinguish $161,841 debt and redeem Series F preferred.
- Lock-up agreements for 12 months with major stockholders and advisors; Krypto has not yet commenced operations.