Digital Asset Technologies Settles Legal Dispute With Former Auditor

Digital Asset Technologies ( (TSE:DATT) ) has issued an update.

Digital Asset Technologies Inc., a technology-focused investment issuer listed on the Canadian Securities Exchange, concentrates on equity investments in global companies that are building and commercializing innovative technologies. The company’s strategy centers on gaining exposure to high-growth tech ventures, reflecting its role as a niche participant in the broader technology investment market.

The company has reached a settlement agreement with its former auditor to resolve a civil claim filed in the Supreme Court of British Columbia. Under the deal, Digital Asset Technologies will pay $65,000 in cash over five instalments and issue 1,917,967 common shares at a deemed price of $0.02 per share, subject to regulatory approvals, fully resolving the dispute without any admission of liability by either party.

The settlement shares will carry a statutory hold period of four months plus one day, in line with applicable securities laws and exchange policies. By closing this legal matter under confidentiality provisions, the company removes a potential overhang on its operations and regulatory standing, although it has indicated that no further details of the settlement will be made public.

More about Digital Asset Technologies

Digital Asset Technologies Inc. is a publicly traded investment issuer focused on identifying and making equity investments in global companies that are developing and commercializing technology. Listed on the Canadian Securities Exchange, the firm targets technology-driven businesses, positioning itself as a specialized player in the tech investment space.

Average Trading Volume: 155,886

Technical Sentiment Signal: Sell

Current Market Cap: C$997K

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