Heads of terms

Coinsilium Group Limited: Heads of Terms signed with Blockchain Development Company Indorse for Strategic Share Acquisition Transaction

Retrieved on: 
Sunday, December 10, 2023

Ltd (“Indorse"), a blockchain development company, to acquire a further 2,773 shares representing an additional stake of 14.76% in the post-transaction share capital of Indorse (the “Transaction”).

Key Points: 
  • Ltd (“Indorse"), a blockchain development company, to acquire a further 2,773 shares representing an additional stake of 14.76% in the post-transaction share capital of Indorse (the “Transaction”).
  • Transaction to be satisfied by the issue of 65m new Coinsilium shares at 3p per share representing a consideration of GBP1.95m.
  • The Transaction aligns Coinsilium and Indorse commercial interests ahead of soon to be announced new Web3 collaboration.
  • The Transaction will result in:
    - Indorse holding 65m Coinsilium shares representing 24.98% of Coinsilium’s shares in issue post Transaction.

FREYR Battery Reports Third Quarter 2023 Results

Retrieved on: 
Thursday, November 9, 2023

FREYR Battery (NYSE: FREY) (“FREYR” or the “Company”), a developer of clean, next-generation battery cell production capacity, today reported financial results for the third quarter of 2023.

Key Points: 
  • FREYR Battery (NYSE: FREY) (“FREYR” or the “Company”), a developer of clean, next-generation battery cell production capacity, today reported financial results for the third quarter of 2023.
  • Having ended 3Q 2023 with $328 million of cash and no debt, the Company expects to exit 2023 with cash of approximately $250 million after satisfying its remaining commitments and fourth quarter overhead.
  • At the end of 3Q 2023 FREYR had completed the handovers of 337 of 388 discrete commissioning and testing packages.
  • A presentation will be held today, November 9, 2023, at 8:30 am Eastern Standard Time (2:30 pm Central European Time) to discuss financial results for the third quarter 2023.

FREYR Battery Reports Second Quarter 2023 Results

Retrieved on: 
Thursday, August 10, 2023

FREYR Battery (NYSE: FREY) (“FREYR” or the “Company”), a developer of clean, next-generation battery cell production capacity, today reported financial results for the second quarter of 2023.

Key Points: 
  • FREYR Battery (NYSE: FREY) (“FREYR” or the “Company”), a developer of clean, next-generation battery cell production capacity, today reported financial results for the second quarter of 2023.
  • Highlights of the Second Quarter 2023 and Subsequent Events:
    In a separate press release published this morning and available on FREYR’s website, FREYR announced appointments to the Company’s senior management team and Board of Directors in accordance with an established succession plan.
  • FREYR reported a net loss attributable to ordinary shareholders for the second quarter of 2023 of $(25.3) million, or $(0.18) per diluted share compared to net income for the second quarter 2022 of $4.7 million or $0.04 per diluted share.
  • A presentation will be held today, August 10, 2023, at 8:30 am Eastern Daylight Time (2:30 pm Central European Time) to discuss financial results for the second quarter 2023.

Coinsilium Group Limited: Completion of Acquisition of Tokenomi Web3 Advisory Service Business

Retrieved on: 
Friday, May 19, 2023

London, UK, 19 May 2023 - Coinsilium Group Limited (AQSE: COIN) (OTCQB: CINGF), the Web3 investor, advisor, and venture builder is pleased to report that, further to its announcement of 14 March 2023, the acquisition of the Tokenomi Web3 advisory service business has now completed and Tokenomi’s owner and managing director, Alexis Nicosia, has joined Coinsilium’s Advisory Team.

Key Points: 
  • London, UK, 19 May 2023 - Coinsilium Group Limited (AQSE: COIN) (OTCQB: CINGF), the Web3 investor, advisor, and venture builder is pleased to report that, further to its announcement of 14 March 2023, the acquisition of the Tokenomi Web3 advisory service business has now completed and Tokenomi’s owner and managing director, Alexis Nicosia, has joined Coinsilium’s Advisory Team.
  • Investors should note that projected revenues are principally success based and contingent on the successful completion of a project client’s Token Generating Event (“TGE”) or public token sale.
  • The timely completion of the Tokenomi acquisition, as announced today, brings its founder, Alexis Nicosia, into our advisory team and I look forward to working closely with Alexis, together with the Coinsilium team, in scaling up and further developing our Advisory Service capabilities, as a revenue generating adjunct to Coinsilium’s investment and venture building activities.
  • The Directors of Coinsilium Group Limited take responsibility for this announcement.

Coinsilium Group Limited: HoTs to Acquire Web3 Advisory Service Business

Retrieved on: 
Thursday, March 16, 2023

HoT agreed for the acquisition of advisory business assets of Web3 services firm Tokenomi.

Key Points: 
  • HoT agreed for the acquisition of advisory business assets of Web3 services firm Tokenomi.
  • Tokenomi advisory client book currently consists of four retained Web3 blockchain project clients with a prospective pipeline of ten further project clients.
  • Tokenomi’s advisory services business has been driven by its entrepreneurial Founder and Managing Director, Alexis Nicosia, an industry veteran who has been active in the crypto sector since 2013.
  • Services include strategic advisory, token model construction, advice on Web3 marketing including community-driven PR and events, whilst providing clients with access to Tokenomi’s network of crypto industry actors and reputable service providers.

Ma'aden announces strategic partnership with Ivanhoe Electric Inc. (IE) to acquire a 9.9% interest in IE and form a joint venture to explore strategic minerals in Saudi Arabia

Retrieved on: 
Wednesday, January 11, 2023

As part of the agreement, Ma'aden and IE will also establish a 50:50 joint venture to explore copper, gold, nickel and silver in Saudi Arabia.

Key Points: 
  • As part of the agreement, Ma'aden and IE will also establish a 50:50 joint venture to explore copper, gold, nickel and silver in Saudi Arabia.
  • The Heads of Terms was signed today at the Future Minerals Forum in Riyadh, Saudi Arabia, and is expected to be completed by the end of Q1 2023.
  • The joint venture between Ma'aden and Ivanhoe will explore approximately 48,500 km2 of selected licenses areas that demonstrate excellent potential.
  • Through Ma'aden, Saudi Arabia is making an invaluable contribution to fast-developing new industries across the world characterized by technological advancement."

Ma'aden announces strategic partnership with Ivanhoe Electric Inc. (IE) to acquire a 9.9% interest in IE and form a joint venture to explore strategic minerals in Saudi Arabia

Retrieved on: 
Wednesday, January 11, 2023

As part of the agreement, Ma'aden and IE will also establish a 50:50 joint venture to explore copper, gold, nickel and silver in Saudi Arabia.

Key Points: 
  • As part of the agreement, Ma'aden and IE will also establish a 50:50 joint venture to explore copper, gold, nickel and silver in Saudi Arabia.
  • The Heads of Terms was signed today at the Future Minerals Forum in Riyadh, Saudi Arabia, and is expected to be completed by the end of Q1 2023.
  • The joint venture between Ma'aden and Ivanhoe will explore approximately 48,500 km2 of selected licenses areas that demonstrate excellent potential.
  • Through Ma'aden, Saudi Arabia is making an invaluable contribution to fast-developing new industries across the world characterized by technological advancement."

Sysorex Shares Letter from Major Shareholders

Retrieved on: 
Tuesday, May 3, 2022

Bigger Capital Fund, LP and District 2 Capital Fund LP (together with its affiliates, the Funds), are now among the largest shareholders of Sysorex, Inc. (Sysorex or the Company), with ownership of approximately 9.6% of the Companys outstanding common stock.

Key Points: 
  • Bigger Capital Fund, LP and District 2 Capital Fund LP (together with its affiliates, the Funds), are now among the largest shareholders of Sysorex, Inc. (Sysorex or the Company), with ownership of approximately 9.6% of the Companys outstanding common stock.
  • Upon closing, Sysorex will be the beneficial owner of 7,291,667 shares of Ostendos preferred stock (the Ostendo Preferred Shares).
  • After the announcement of the Heads of Terms, the Funds increased their respective position in Sysorex to become one of the largest shareholders of Sysorex.
  • Furthermore, Sysorex operates in a highly competitive and rapidly changing environment where new and unanticipated risks may arise.

OTC: ILUS, ILUS International (Ilustrato Pictures International Inc), Acquires Tennessee-based Bull Head Products Incorporated

Retrieved on: 
Wednesday, October 13, 2021

ILUS has agreed the acquisition of Bull Head Products Inc for an undisclosed cash amount and a small amount of restricted shares.

Key Points: 
  • ILUS has agreed the acquisition of Bull Head Products Inc for an undisclosed cash amount and a small amount of restricted shares.
  • In a move that is expected to quadruple Bull Head Products revenue, the products from both FireBug and the in-progress Georgia acquisition will be sold via Bull Head Products Inc.
  • Simultaneously, the products manufactured by Bull Head Products will allow the Georgian distributor, once the attorneys have completed contracts, to sell Bull Head Products firefighting vehicles, which will include FireBugs innovative firefighting technology, across the US.
  • Bull Head Products also holds incredible design expertise and manufacturing skills, which ILUS plans to upscale to achieve its strategic goals.