Wednesday, April 19, 2023
Tokens.com Corp is a publicly traded company that invests in Web3 assets and businesses focused on the Metaverse, NFTs, DeFi, and gaming based digital assets. Tokens.com is the majority owner of Metaverse Group, one of the world’s first virtual real estate companies. Hulk Labs, a wholly-owned Tokens.com subsidiary, focuses on investing in play-to-earn revenue generating gaming tokens and NFTs. Additionally, Tokens.com owns and stakes crypto assets to earn additional tokens. Through its growing digital assets and NFTs, Tokens.com provides public market investors with a simple and secure way to gain exposure to Web3.
Joe Gomes, Managing Director – Generalist Analyst, Noble Capital Markets, Inc.
Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
An Offer. Yesterday, Tokens.com announced an agreement with the Board of Directors of Metaverse Group to acquire all issued and outstanding shares that Tokens.com does not already own. Currently, the Company owns roughly 55.2% of Metaverse Group, or 50.2% on a diluted basis, and Tokens.com will issue 24.38 million common shares for the acquisition, if approved, equal to approximately USD$3.5 million as of yesterday’s closing price.
The Offer Continued. Each minority Metaverse Group shareholder will receive approximately 0.34 Tokens.com shares per Metaverse Group share. The offer is pending approval of Metaverse Group shareholders and a meeting will take place on April 26th, 2023, as well as approval by the NEO Exchange, and is expected to close in May 2023. We expect the offer will be approved by the shareholders and the exchange.
Get the Full Report
Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.