M&A
confidence high
sentiment neutral
materiality 0.50
Balance Labs acquires 46.1% stake in W Technologies via share exchange with Krypto Ventures
Balance Labs, Inc.
- On July 29, 2021, Balance Labs' subsidiary Krypto Ventures exchanged 100% of its stock for 233.5M shares of W Tech.
- Balance Labs now owns 46.1% of W Tech's outstanding common stock; no longer holds any Krypto Ventures shares.
- Previously owned 52.5M shares of Krypto Ventures, exchanged for 119.6M shares of W Tech.
- Balance Labs entered a 12-month lockup agreement restricting sale or transfer of W Tech shares.
- Financial statements for the acquisition will be filed within 71 days.