m_and_a
confidence high
sentiment neutral
materiality 0.75
The Crypto Company acquires Frame blockchain assets in milestone-based deal with no upfront cash
Crypto Co
- Acquired all Frame blockchain assets including IP, source code, and infrastructure via subsidiary Frame Intelligence.
- Consideration: 2.5% of outstanding stock at $100M market cap and $100M Frame valuation; additional tranches up to ~$50.5M.
- No TCC equity issued at closing and no upfront cash; $2M funding committed to Frame Intelligence within 120 days.
- Consulting agreement: $20k/month to Frame Holdings; Sean Docherty eligible as Chief Blockchain Officer and board seat.
- Prior executive officer equity interest in Frame Holdings; Board determined no material conflict.
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