A major company in the iGaming industry that provides blockchain technology to regulated operators, BlockChain Innovations Corp, has signed a letter of intent with Capricorn Business Acquisition for a qualifying transaction as a first step of going public in 2018's third quarter.
This transaction will make BlockChain Innovations the first blockchain-wagering public company to supply solutions to regulated gaming markets in US, Europe, UK and elsewhere around the globe. BCI will utilize the exclusive financial advisor services provided by FMI Capital Advisory who will also be the financial agent completing the capital raise. The operator will be targeting strategic and institutional investors and profits will be used to invest in development of products and technology as well as brand awareness.
As Glob News Wire states, the company will exchange all its issued and outstanding common shared for common shares in the capital of Capricorn and become a wholly-owned subsidiary of Capricorn.
CEO, Matt Stafford commented: “With the US sports betting market opening and the go-public transaction set for the third quarter, BCI can bring it’s gaming-by-design blockchain technology to several regulated gaming markets. I want to extend a sincere thank all our investors for making this milestone in BCI’s history possible.”
BlockChain Innovations develops market-ready blockchain technology for real-money wagering and peer-to-peer gambling operators across the globe. Their blockchain technology has yielded a “fully functional crypto-currency wallet, a tipbot - PebbleGo for easily sending and receiving smart contracts.”
Source:
“Capricorn Business Acquisitions Announces Letter of Intent with Blockchain Innovations”, globenewswire.com, June 21, 2018.
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