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Digital Asset Technologies ( (TSE:DATT) ) has shared an update.
Digital Asset Technologies Inc. has reached a settlement agreement with its former chief executive officer to terminate a court claim, agreeing to pay CAD $125,000 in cash and issue 6,250,000 common shares at a deemed price of $0.032 per share, for a total settlement value of CAD $200,000. The share component of the settlement, which is subject to a four‑month statutory hold period and requires customary corporate and regulatory approvals including from the Canadian Securities Exchange, allows the company to resolve the dispute without admitting liability, removing a source of legal uncertainty and potentially clarifying its governance and financial obligations for investors and other stakeholders.
More about Digital Asset Technologies
Digital Asset Technologies Inc. (CSE: DATT) is a publicly traded investment issuer that identifies and makes equity investments in global companies focused on developing and commercializing technology.
Average Trading Volume: 132,162
Technical Sentiment Signal: Sell
Current Market Cap: C$1.99M
For a thorough assessment of DATT stock, go to TipRanks’ Stock Analysis page.