M&A
confidence medium
sentiment neutral
materiality 0.50
Cosmos Group subsidiary agrees to acquire 51% of NFT Limited for 2.35M shares
Cosmos Group Holdings Inc.
- Massive Treasure, a subsidiary, will acquire 51% of NFT Limited in exchange for 2,350,230 shares of Cosmos common stock.
- Agreement entered on October 15, 2021; closing expected by December 31, 2021 or later upon share issuance.
- The agreement and confirmation are posted on http://www.coinllectibles.art.
- No financial terms or valuation of NFT Limited were disclosed in the filing.