BBKCF - BIGG Digital Assets Inc. Announces Closing of the Acquisition of TerraZero Technologies Inc. | Benzinga
VANCOUVER, British Columbia, Sept. 28, 2023 (GLOBE NEWSWIRE) -- BIGG Digital Assets Inc. ("BIGG" or the "Company") (CSE:BIGG, OTCQX:BBKCF, WKN: A2PS9W)), owner of Netcoins, and Blockchain Intelligence Group, is pleased to announce that it has completed the previously-announced amalgamation between TerraZero Technologies Inc. ("TerraZero") and a subsidiary of the Company (the "Transaction"), which resulted in BIGG acquiring all of the outstanding common shares and preferred shares of TerraZero (not including those TerraZero shares already held by the Company). For more information regarding the Transaction, please see the Company's news releases dated August 25, 2023 and September 21, 2023.
"In joining BIGG, we are better positioning our products and services to utilize technologies around digital assets, just as much as we're connecting BIGG's portfolio to opportunities within our Intraverse ecosystem, and its ultimate user base. We see this as a very strategic move for the future of the web3-facing facets of our business, and beyond," commented Dan Reitzik, CEO of TerraZero.
Pursuant to the Transaction, Dan Reitzik was appointed as a non-voting observer to the board of directors of the Company and will hold such position until September 28, 2024.
On behalf of the Board
Mark Binns
CEO
ir@biggdigitalassets.com
About BIGG Digital Assets Inc.
BIGG Digital Assets Inc. (BIGG) believes the future of crypto is a safe, compliant, and regulated environment. BIGG invests in products and companies to support this vision. BIGG has three portfolio companies: Netcoins (netcoins.com), Blockchain Intelligence Group (blockchaingroup.io), and TerraZero (terrazero.com).
Blockchain Intelligence Group builds technology to power compliance and intelligence for the crypto ...