Vancouver, British Columbia, January 14, 2023–(business wire)–NFT Technologies Inc. (NEO: NFT | Frankfurt: 8LO | OTCQB: NFTFF) (“NFT Tech”)Multidisciplinary Blockchain, Metaverse and NFT development studio Run It We are pleased to announce an update regarding the acquisition of Wild Pty Ltd ( “transaction”).
The Company and vendor Adam de Cata entered into a Stock Purchase Agreement on July 7, 2022 for NFT Tech’s acquisition of Run It Wild. Concurrent with the closing of the share purchase agreement, Adam De Cata transitioned from his previous role as an advisor after he was appointed Chief Executive Officer of NFT Tech on July 7, 2022. In addition to the news release dated July 7, 2022, the Company has entered into an amended agreement that the vendor has extended the proposed closing date to he February 24, 2023.
The transaction is expected to close pursuant to a stock purchase agreement dated July 7, 2022 between NFT Tech and the vendor, as amended on November 30, 2022. Upon completion of the transaction, NFT Tech will issue 10,000,000 shares of his common stock and acquire all outstanding shares of Run-It-Wild for $250,000 CAD.
Under the amended terms, the parties have agreed to remove the conditional “earn-out” payment described in the July news release. The parties agree to pay Vendors “Initial Mint Proceeds” in the aggregate up to $5,000,000 CAD for certain ongoing NFT projects of Run It Wild, subject to the terms set forth in the Amended Agreement. bottom. Initial Foundry Revenue refers to the net revenue recognized by the Company during the first thirty (30) days from founding and commencement of a particular His NFT Project.
Effective December 21, 2022, we have entered into an agreement with Hillside Media and Consulting Ltd. for ongoing strategic digital media services, marketing and data analysis services. totaling $250,000, and the parties agreed that such costs would be met by the issuance of common stock of the Company. The price per share was fixed at $0.15 per share in agreement with the Board of Directors, resulting in the Company issuing 1,666,666 shares of his common stock.
About Run It Wild
Run It Wild partners with brands to navigate the possibilities of Web 3.0. We specialize in art, collectibles and games. With a diverse portfolio, from blue chip brands such as the Australian Open, Linktree and Elvis Presley to creators such as Kelly Wearstler, Alex Trochuto and David McLeod, RunitWild partners with brands to navigate the market. In particular, he found the product his market fit. Possibilities of Web 3.0.
About NFT Tech
NFT Tech builds products that accelerate web3 adoption by infusing utility into digital assets. The company’s technology is designed to increase consumer engagement, enable digital asset ownership and discover new business models, NFT Tech is a global brand in many industries including sports, entertainment and arts. has become a reliable partner for His award-winning studio at NFT Tech won the first-ever Cannes Lion Award for NFT Activation, the industry’s most respected and well-known award.
NFT Tech is listed on the NEO exchange under the symbol NFT and on the OCTQB under the symbol NFTFF. By bridging the gap between traditional capital markets and the web3 space, NFT Tech is mainstreaming the new era of the internet while bringing insights and benefits to public markets.
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phone: +1 (604) 800-5838
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of applicable securities laws with respect to the Company. These forward-looking statements generally include statements such as “believe,” “forecast,” “anticipate,” “forecast,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” ”, “Plan”, etc. , “may”, “should”, “would”, “would”, etc. Forward-looking statements in this press release include statements regarding the completion of the Run It Wild acquisition and the date of such closing. Profits derived from the transaction and appointment of Adam De Cata as CEO of NFT Tech. Expanding our NFT development and product offerings. Potential benefits and demand of his NFT projects for consumers. Potential benefits, development and acceptance of web3 and related applications. The continued employment of Run It Wild employees and the value of their experience. A plan to accelerate growth. Continued public acceptance of NFTs. Although we believe that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on forward-looking statements and information. correct. Forward-looking statements and information, by their nature, are subject to inherent risks and uncertainties, as they address future events or circumstances. A number of factors, including but not limited to the risk factors described in the prospectus, could cause actual future events to differ materially from the forward-looking statements in this press release. Readers are cautioned that the list of factors mentioned above is not exhaustive. Any forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release are made as of the date of this release and the Company may not make any forward-looking statements or statements as a result of new information, future events or otherwise. We undertake no obligation to publicly update or revise the information. , unless required by applicable law.
No securities regulator has approved or rejected the content of this news release. Neo Exchange has not reviewed or approved the adequacy or accuracy of the contents of this press release.
This news release does not constitute an offer to sell or the solicitation of an offer to sell securities in the United States. This security has not been and will not be registered under the United States Securities Act of 1933 (the “US Securities Act”) or any state securities laws. unless registered under the United States securities laws and applicable state securities laws, or where an exemption from such registration is available.
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phone: +1 (604) 800-5838