Ether Capital Corporation

The dealers in connection with Ether Capital Corporation's private offering of subscription receipts and reverse take-over transaction

Client

Canaccord Genuity Corp., CIBC World Markets Inc., GMP Securities L.P.

Value

$45 million

Service

Blockchain

Date Closed

April 2018

Industry

FinTech

Lead Office

Toronto


 

On February 23, 2018, Ethereum Capital Inc. completed its private placement of subscription receipts for aggregate gross proceeds of $45 million. The offering was co-lead by Canaccord Genuity and CIBC Capital Markets and included GMP Securities. The proceeds were escrowed pending completion of a proposed reverse take-over bid involving Movit Media Corp.

On April 18, 2018, Ether Capital Corporation (formerly named Movit Media Corp.) (Ether Capital) announced that it has completed its previously announced reverse take-over transaction pursuant to which it has acquired all of the issued and outstanding shares of Ethereum Capital Inc. by way of a three-cornered amalgamation. As a result, subscription receipt holders received listed common shares in the capital of Ether Capital.

The completion of this transaction and commencement of public trading represents a critical step in Ether Capital’s mission. This will provide investors with the opportunity to invest in the first publicly listed company focused solely on the Ethereum ecosystem and to help drive industry-shifting disruptive technologies.

Ether Capital is a Toronto-based technology company whose objective is to become the central business and investment hub for the Ethereum ecosystem. Ether Capital will invest in Ethereum’s native utility token “Ether” as a strategic asset, and selectively invest in or acquire Ethereum-based businesses.

Osler, Hoskin & Harcourt LLP represented the dealers with a team consisting of Andrew Aziz and Kevin Feng (Corporate).


Team
Andrew W.  Aziz
Key Contact

Andrew W. Aziz

Partner, Corporate

Kevin Feng

Kevin Feng

Associate, Corporate