m_and_a
confidence high
sentiment neutral
materiality 0.70
Unicoin to acquire 51% of Diamond Lake Minerals for 18M shares; token offering planned
TransparentBusiness, Inc.
- Unicoin acquires 51% of DLMI from shareholders in exchange for 18M shares of Unicoin common stock.
- 9M Unicoin Tokens allocated to DLMI shareholders but not issued yet, subject to regulatory conditions.
- DLMI plans Regulation S offering of Class B Preferred Tokens to raise up to $100M at $5/token.
- Unicoin gets anti-dilution protection and right to designate majority of DLMI board post-closing.
- DLMI to maintain OTC Markets quotation for 12 months; key personnel employment agreements to be ratified.
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