RockStock Equities Inc.’s vision is to capitalize on the dramatic impact of blockchain technology, cryptocurrencies and NFTs on a once beleaguered music industry. With a focus on developing an artist/fan platform (the “RockStock Platform“), RockStock intends to facilitate and empower artists with a cutting-edge application platform allowing artists to directly monetize their music, create “pay-per-view” performances, and participate in the new exciting world of NFT revenue generation.fans, it’s an opportunity to connect and support the artists they love through a multi-genre online contest and participate in profit opportunities to be created through l purchasing Artist Security Tokens and NFTs. For more information about RockStock, please visit www.myrockstock.com.
“We are thrilled to welcome RockStock to the CoinAnalyst family. The music industry has shown great interest in adopting blockchain technology, and we believe the RockStock platform, along with empowering artists, will set us apart from the competition. Additionally, “The data will help our Insights platform provide a unique perspective on the world of music. Imagine meeting the next star before they become a superstar. This acquisition gives us the foundation to make that possible,” said Pascal Lauria, CEO and Co-Founder of CoinAnalyst.
Overview of the operation
Pursuant to the SPA, the Company has agreed to purchase all of the issued and outstanding common shares of RockStock (the “RockStock Stocks“) for consideration of $937,500 (the “Purchase price“) on terms consistent with the Binding Letter of Intent (the “Letter of Intent“) executed on January 20, 2022. The Company will issue a total of 3,750,000 ordinary shares in the capital of CoinAnalyst (the “Counterpart shares“) at a deemed price of $0.25 per share to shareholders of RockStock (the “RockStock Shareholders“), pro rata in proportion to their holdings in RockStock. The parties to the SPA have agreed that a maximum of 250,000 additional ordinary shares in the capital of CoinAnalyst (the “Complement actions“) at a deemed price of $0.25 per share will be issued to shareholders of RockStock, promissed pro rata to their interests in RockStock, if at the end of a period of 6 months immediately following the closing of the Transaction, RockStock has developed a minimum viable product (“MVP“) for its mobile application and the web application of the RockStock platform.
The securities issued under the Transaction are subject to contractual trading restrictions (the “Blocking agreements“), and will be delivered to each RockStock Shareholder as follows: (i) 10% of the Consideration Shares on Closing and increments of 15% on each successive three-month anniversary from Closing; and, in the event additional shares, 10% of the Additional Shares to be paid up on the date of issue of the Additional Shares and increments of 15% on each successive three-month anniversary of the date of issue.
The Company will appoint David Abbott, the director of RockStock, to its board of directors (the “PlankIn addition, the Company will enter into consulting agreements with David Abbott and Christelle Dussault.
The transaction, including the proposed issuance of Consideration Shares and Matching Shares, is subject to customary closing conditions, including the receipt of all required regulatory and stock exchange approvals.
CoinAnalyst focuses on business that includes artificial intelligence (“AI“) big data analytics platform (the “Platform“) which provides investors in the digital asset sector and other industries with access to a dashboard. The dashboard monitors and analyzes real-time digital asset market data (coins/tokens/NFTs/offers The company’s software monitors news sources, tracks influencers, analyzes online social media, and provides sentiment analysis, forecasts, and business signals on top 300 digital assets. In addition, the system software provides news, quotes and enables messaging.
To learn more about CoinAnalyst, please visit https://coinanalyst.tech/en/.
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Email: [email protected]
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Forward-looking information and statements
This press release contains “forward-looking statements” within the meaning of applicable securities laws. Any statements contained herein that are not clearly historical in nature may constitute forward-looking statements.
Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “anticipates”, “expects” or “does not expect”, “is expected”, ” budget”, “planned”, “estimates”, “plans”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of these words and expressions or may contain statements that certain actions, events or results “could”, “could”, “would”, “could” or “will be taken”, “will continue”, “will occur” or “will be achieved”. forward-looking statements contained herein include, but are not limited to, statements regarding: the Company’s ability to close the Transaction on or about April 6, 2022; RockStock’s ability to develop MVP on time or at all; RockStock’s ability to capitalize on blockchain technologies, cryptocurrencies and NFTs; RockStock’s ability to develop and maintain the RockStock Platform; RockStock’s ability to add development functionality to the RockStock platform that will enable monetization, pay-as-you-go performance and NFT builds; the appointment of David Abbott to the Board of Directors; conclusion of consultancy contracts; entering into blocking agreements; RockStock’s ability to develop MVPs for the RockStock Platform mobile and web applications on time or at all; and the parties’ ability to satisfy closing conditions and receive necessary approvals;
The forward-looking information contained in this press release is based on certain assumptions and expected future events, namely: the Company’s ability to continue as a going concern; the continued commercial viability and growth in popularity of the RockStock platform; the continued approval of the Company’s activities by the relevant governmental and/or regulatory authorities; the continued development of RockStock’s technologies, including the RockStock platform; the continued growth of the Company and RockStock; RockStock’s ability to fund the development of MVP; the Company’s ability to fund the closing of the Transaction; andthe Company’s ability to satisfy the requirements of the Canadian Securities Exchange in respect of the Transaction.
These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including, but not limit thereto: the potential inability of the Company to continue as an ongoing operation; risks associated with the technology, cryptocurrency and data industries generally; incorrect assessment of the value and potential benefits of the Transaction; the risks associated with possible governmental and/or regulatory measures concerning the activities of the Company; risks associated with the Company’s potential inability to obtain regulatory approval for the Transaction; the Company’s inability to close the Transaction on or about April 6, 2022; risks associated with the technology, cryptocurrency and data industries generally; increased competition in technology, data and AI markets; the potential future non-viability of the Company’s and RockStock’s services or product offerings; RockStock’s failure to develop MVP on time or at all; RockStock’s inability to capitalize on blockchain technologies, cryptocurrencies and NTFs as planned or at all; risks associated with the development and maintenance of the RockStock Platform; and risks relating to market demand for RockStock’s products.
Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. Such information, although considered reasonable by management when prepared, may prove to be incorrect and actual results may differ materially from those anticipated. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise, or to explain any material differences between subsequent actual events and such forward-looking information, except as required by applicable law.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful.
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