M&A
confidence high
sentiment neutral
materiality 0.70
Descrypto completes acquisition of OpenLocker, issuing 12.5M shares; expands into college sports NFTs
Crisp Momentum Inc.
- Acquired all OpenLocker shares for 12,500,002 common shares; OpenLocker becomes wholly owned subsidiary.
- Board expanded to three; Brian Klatsky appointed as director; voting agreements with major shareholders.
- Co. committed up to $550K for OpenLocker working capital; $735K raised via common stock sale at $0.40/share.
- Series A preferred redemption condition requires raising $1.5M; $735K raised and acquisition agreement satisfied.
- OpenLocker focuses on college athlete NIL NFTs and thoroughbred racing digital collectibles via OpenStable.