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Prophecy DeFi acquires 60% common shares of Layer2 Blockchain

Jul 13, 2021 - SNL Financial
Mergers and Acquisitions

Prophecy DeFi issued 25 million common shares on a pro-rata basis to Layer2 Blockchain's shareholders.

Ontario-based Prophecy DeFi Inc. completed the previously announced acquisition of 60% of the issued and outstanding common shares of Layer2 Blockchain Inc.

Prophecy issued 25 million common shares on a pro-rata basis to Layer2 Blockchain's shareholders. All the issued common shares in connection with the acquisition of Layer2 Blockchain are subject to a four-month and one day resal...