THELOGICALINDIAN - Arlington VA BTCS Inc OTCQB BTCS BTCS or the Aggregation a blockchain technology focused aggregation which secures the blockchain through its transaction analysis casework business and SpondooliesTech Ltd Spondoolies an Israeli transaction analysis server architect accustomed alliance approval from the Israeli Office of Chief Scientist OCS
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Spondoolies and BTCS to Merge
The OCS approval is one of two key closing altitude of the alliance amid BTCS and Spondoolies. The additional key closing action of the alliance requires acceptance from the Israeli Tax Authority apropos deferred acquittal of applicative Israeli taxes accompanying to the transaction.
“The blockchain is set to radically change the approaching of transaction-based industries,” declared Guy Corem, Chief Executive Officer of Spondoolies. “BTCS has positioned itself at the amount of this confusing transformation, and we are aflame to amalgamate armament to capitalize on the immense opportunities that lie ahead. The OCS approval places us one important footfall afterpiece to commutual the merger.”
After giving aftereffect to BTCS’s contempo $750,000 advance in Spondoolies, BTCS shareholders will own a 69.7% to 61.2% pale in the accumulated company, and Spondoolies shareholders will own 30.3% to 38.8% of the accumulated company, based on the cardinal of accepted and adopted balance outstanding anon afterward the merger. The buying ambit is a action of BTCS’ defalcation alternative associated with its absolute $2.25 actor advance in Spondoolies. The final buying percentages will be bent above-mentioned to closing.
Visit www.btcs.com for added information.
