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DeepMarkit ( (TSE:MKT) ) has provided an update.
DeepMarkit Corp., a company listed on the TSX Venture Exchange, has announced a non-binding letter of intent to acquire Prospect Prediction Markets Inc., a private company focused on developing fantasy sports software with a prediction market platform on the Avalanche blockchain. This acquisition, valued at approximately $600,000, will involve a share exchange, with Prospect shareholders receiving DeepMarkit shares. The transaction will also see Trevor Broad, CEO of Prospect, appointed as CTO of DeepMarkit. Additionally, DeepMarkit plans a concurrent private placement of up to 36 million common shares at $0.06 each, aiming to enhance its market positioning and expand its shareholder base.
More about DeepMarkit
Average Trading Volume: 74,841
Technical Sentiment Signal: Sell
Current Market Cap: C$926.5K
For detailed information about MKT stock, go to TipRanks’ Stock Analysis page.