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DeepMarkit ( (TSE:MKT) ) has shared an announcement.
DeepMarkit Corp. has completed the acquisition of Prospect Prediction Markets Inc., a company that operates a blockchain-based platform for sports prediction markets, marking its entry into the sports engagement technology sector. The acquisition, valued at $600,000, involves the issuance of approximately 10 million common shares and includes the appointment of Trevor Broad as Chief Technology Officer. Additionally, DeepMarkit closed the first tranche of a private placement, raising $1.53 million to support debt repayment, platform development, and marketing efforts. This strategic move is expected to accelerate DeepMarkit’s growth and expand its market presence.
More about DeepMarkit
DeepMarkit Corp. is a technology company with subsidiaries operating in blockchain, artificial intelligence, and tokenization. It operates MintCarbon.io, a platform for minting carbon offsets into NFTs or other secure tokens. The company’s shares are listed on the TSX Venture Exchange.
Average Trading Volume: 141,443
Technical Sentiment Signal: Hold
Current Market Cap: C$2.96M
See more insights into MKT stock on TipRanks’ Stock Analysis page.