other material
confidence high
sentiment negative
materiality 0.80
Cosmos settles dispute with controlling shareholder, to issue 400M shares and transfer Coinllectibles units
Cosmos Group Holdings Inc.
- Settlement of 800M unissued shares; Company will issue 400M shares at $0.001 each to former director/controlling shareholder Dr. Lee.
- Company transfers assets/liabilities of three Coinllectibles entities (Disposal Group) to Dr. Lee.
- Company retains trade name but loses secondary-market transaction fee income on blockchain sales.
- Parties anticipate continued partnership for DOT minting/sales with agency fees.
- Full releases and indemnification for Dr. Lee; Company advances legal expenses.