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Birchtree Investments Ltd. ( (TSE:BRCH) ) has provided an announcement.
Birchtree Investments has signed a non-binding term sheet to acquire a 50% equity stake in Delaware-based Digital Motion Corporation, a private Web3-focused financial technology company that develops platforms such as Mayflower and Starbase to bridge traditional capital markets with decentralized finance and real-world asset tokenization. The proposed all-share transaction, valued at no less than US$10 million based on a deemed price of C$0.20 per Birchtree share, would see Digital Motion shareholders own about 32.8% of Birchtree post-closing, without triggering a change of control, and would give Digital Motion the right to nominate two directors, positioning Birchtree more deeply in the digital asset and Web3 financial infrastructure space while remaining subject to standard due diligence, regulatory and shareholder approvals, and a minimum working capital condition.
More about Birchtree Investments Ltd.
Birchtree Investments Ltd. is a Vancouver-based investment company listed on the CSE that focuses on building a portfolio of investment assets with the long-term goal of divesting those holdings at a profit. The firm seeks opportunities across sectors where it can enhance value and ultimately realize gains for shareholders through strategic transactions and exits.
Average Trading Volume: 568,399
Technical Sentiment Signal: Buy
For an in-depth examination of BRCH stock, go to TipRanks’ Overview page.