CYPHER METAVERSE INC - BKLLF STOCK NEWS

Cypher Metaverse Inc. (CSE:CODE) has announced its intention to proceed with a share consolidation on a 15:1 ratio, as approved by shareholders on September 30, 2024, and confirmed by the Board of Directors on October 16, 2024. The consolidation will reduce the company's outstanding shares from 21,529,143 to 1,435,276, assuming no other changes in issued capital.

The company will also consolidate its outstanding warrants on the same 15:1 ratio, adjusting the exercise price accordingly. This move aims to provide Cypher Metaverse with increased flexibility for seeking additional financing opportunities. The consolidation is subject to approval from the Canadian Securities Exchange. The company's shares currently remain halted.

Cypher Metaverse Inc. (CSE:CODE, FSE:C5B, OTCQB:BKLLF) has completed its non-brokered private placement financing. The company raised a total of $159,525.20 by issuing 1,876,767 Units, with the final tranche bringing in $5,100 through the sale of 60,000 Units. Each unit comprises one common share and one common share purchase warrant at $0.085. The warrants allow holders to purchase an additional common share at $0.15 for two years, with an acceleration option if the share price reaches $0.20 for 10 consecutive days. Securities from this final tranche have a statutory hold period until February 10, 2025. Cypher plans to use the proceeds for general working capital and to finance the acquisition of Agape Luxury Brands Inc.

Cypher Metaverse Inc. (CSE:CODE) has completed the second closing of its private placement, raising $50,975 by issuing 599,706 units at $0.085 per unit. Each unit includes one common share and one warrant, exercisable at $0.15 for two years. The company paid $1,253.75 in finder's fees.

Securities from this tranche have trading restrictions until January 19, 2025. Proceeds will be used for general working capital and to finance the acquisition of Agape Luxury Brands Inc. Additionally, Harrison Ross has resigned as a Director, with Michael Hopkinson appointed to the Board effective August 16, 2024.

Cypher Metaverse Inc. (CSE:CODE) has provided an update on its previously announced business combination with Agapi Luxury Brands Inc. The transaction is expected to be completed through a share exchange, making Agapi a wholly-owned subsidiary of Cypher. Key conditions for the transaction include:

1. Completion of financing to provide sufficient working capital
2. CSE approval for listing the shares of the resulting issuer

Trading of CODE Common Shares on the CSE remains halted pending review and satisfaction of conditions. An updated circular reflecting Agapi's progress and business plan will be filed shortly. Cypher focuses on early-stage investments in emerging technology sectors, including blockchain, fintech, and the metaverse.

Cypher Metaverse Inc. (CSE:CODE) has announced a non-brokered private placement to raise up to $1,000,000. The company will issue up to 11,764,705 units at $0.085 per unit, each consisting of one common share and one warrant. Warrants allow holders to purchase an additional share at $0.15 for 2 years, with an acceleration option. The first closing has been completed, raising $115,350 from 1,357,061 units. Proceeds will be used for working capital and the acquisition of Agape Luxury Goods Inc. Qualified finders may receive up to 8% in cash and warrants.

Cypher Metaverse Inc. (CSE:CODE) announces debt settlements totaling $149,215 through the issuance of 1,755,470 shares at $0.085 each, improving the company's balance sheet. No finders fees will be paid, and insiders participated in settling accrued fees. The securities issued will be subject to a hold period, with exemptions from minority approval and valuation requirements.

Cypher Metaverse Inc. (CSE:CODE) is increasing its bridge loan to Agapi Luxury Brands Inc. from $600,000 to $950,000 to support Agapi's business plan and growth initiatives. After receiving shareholder approval, Cypher and Agapi are finalizing financial and listing statements for the acquisition, with the exchange's final consent expected soon.

Cypher Metaverse Inc. (CSE:CODE) has closed a non-brokered private placement of 2,325,000 units at $0.12 per unit, generating gross proceeds of $279,000. Each unit consists of one common share and one-half of one common share purchase warrant. The company paid finder's fees of $18,755 and issued 156,300 broker warrants. The net proceeds will be used for the acquisition of Agapi Luxury Brands Inc., for which the company has already loaned a total of $886,692.

Cypher Metaverse Inc. (CSE:CODE) Announces Non-Brokered Private Placement Closing and Acquisition of Agapi Luxury Brands Inc.