tiprankstipranks
Trending News
More News >

Carbon Streaming completes acquisition of Blue Dot Carbon

Carbon Streaming Corporation has completed its previously announced acquisition of Blue Dot Carbon Corp. (“Blue Dot”), a private company with an equity investment in a carbon project developer and certain option rights to invest in future removals projects of its partners. Pursuant to a share purchase agreement dated May 31, 2024, the number of common shares to be issued as consideration to Blue Dot shareholders was settled 30 days after announcement of the acquisition using a 30-day VWAP to calculate the number of shares, with a maximum consideration price of C$0.75 per share. On closing, the Company issued the shareholders of Blue Dot an aggregate of 4,559,333 common shares of the Company at a deemed consideration price of C$0.75 per share, representing a total purchase price of $2.5 million.

Don’t Miss TipRanks’ Half-Year Sale

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1