"The Transaction is expected to close in the first quarter this year, subject to customary closing conditions, and will be financed entirely with Nakamoto common stock in accordance with Nakamoto's call option under the Marketing Services Agreement (the "MSA"), using a price of $1.12 per share. The Company's option to acquire BTC Inc and UTXO, through BTC Inc's call option with UTXO, was previously disclosed as part of Nakamoto's proposed merger with Nakamoto Holdings, Inc. ("Nakamoto Holdings")."
"The MSA, outlines the terms of the Company's option and was publicly filed and approved by the Company's shareholders in connection with that transaction. Following shareholder approval, Nakamoto, BTC Inc, and UTXO engaged in extensive joint marketing initiatives across BTC Inc's media and events platforms. Nakamoto exercised its call option with BTC Inc and BTC Inc exercised its call option with UTXO concurrently with signing of the merger agreements."
Nakamoto entered merger agreements to acquire BTC Inc and UTXO. The transaction is expected to close in the first quarter and will be financed entirely with Nakamoto common stock at $1.12 per share under the MSA call option. The acquisition option was previously disclosed during Nakamoto's proposed merger with Nakamoto Holdings. The MSA was publicly filed and shareholder-approved. Subsequent joint marketing occurred across BTC Inc's media and events platforms. Call options were exercised concurrently upon signing. The acquisition aims to diversify Nakamoto's operations and generate recurring earnings to support growth and additional Bitcoin accumulation.
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