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GOAT Industries ( (TSE:GOAT) ) has shared an update.
GOAT Industries Ltd. has announced a non-binding letter of intent to acquire 7RCC Global Inc., a financial firm specializing in bridging digital assets with institutional investors through structured products. This acquisition aims to enhance GOAT Industries’ focus on cryptocurrency and blockchain investments, integrating 7RCC’s expertise in digital assets and strategic partnerships, which include names like Gemini and Solactive, into its product portfolio. The transaction involves exchanging 40 million common shares of GOAT Industries, valued at $12 million, for all of 7RCC’s outstanding securities, with shares subject to a 36-month voluntary escrow.
More about GOAT Industries
GOAT Industries Ltd. is a company focused on investing in businesses with exposure to unique cryptocurrency and blockchain verticals. The company’s mission is to provide shareholders and potential investors with world-class exposure to growth-oriented assets.
YTD Price Performance: 16.67%
Average Trading Volume: 10,038
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.21M
For a thorough assessment of GOAT stock, go to TipRanks’ Stock Analysis page.