other_material
confidence high
sentiment neutral
materiality 0.40
Unicoin requests investor confirmation on asset-swap termination; Amendment No.2 executed retroactively
TransparentBusiness, Inc.
- Delivered letter to Barry Sawyer requesting by Sept 23, 2025 whether to proceed with asset-swap or accept termination under Amendment No.2.
- Amendment No.2 executed by Unicoin on Sept 17, 2025, effective Sept 27, 2024, stating if no new ICO date by Jan 30, 2025 and no regulatory delay, agreements null and void ab initio.
- Asset-swap involves beneficial interests in Long Island Investments Ltd. and Newport Harbour Ltd., with conversion to full legal ownership pending.
- Unicoin remains open to good-faith discussions subject to legal and regulatory considerations.
- Amendment No.2 now fully executed after counterparties signed in April 2025; Unicoin signed Sept 17, 2025.
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