m_and_a
confidence high
sentiment neutral
materiality 0.85
AppYea acquires Techlott's blockchain lottery tech for 35% equity stake, board seats
APPYEA, INC
- Acquired rights to blockchain-based lottery technology in exchange for 1,277,922,611 shares (35% fully diluted).
- Techlott gets two board seats and effective veto rights over major actions including business changes and M&A.
- Techlott's president Mark Katzenelson appointed as President, CTO Benny Harris as CTO at closing.
- Anti-dilution protection for Techlott's shares up to $10M of future capital raises.
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