M&A
confidence high
sentiment neutral
materiality 0.55
GBT Technologies forms metaverse JV Metaverse Kit, contributes 500M shares for 50% stake
GBT Technologies Inc.
- GBT contributed 500M common shares to JV Metaverse Kit Corp; IGMB (Gainulin/Belova) contributed licensed metaverse technology.
- Each party owns 50% of Metaverse Kit; GBT pledged its 50% stake to Igor 1 Corp. to secure a convertible note.
- IGMB and Elentina Group each get $25k/month consulting fees, payable quarterly in shares at GBT's 10-day VWAP, term 2 years.
- IGMB sold all source codes for the Meta Portfolio (sports, gaming, live events) to Metaverse Kit under an asset purchase agreement.