Spetz Inc. (CSE: SPTZ) Announces Acquisition of Sonic Strategy
Spetz (CSE:SPTZ)(OTC:DBKSF) has completed its acquisition of Sonic Strategy, a blockchain staking company focused on the Sonic blockchain. The transaction involves issuing 13,999,999 common shares to Sonic Strategy shareholders and 700,000 shares as advisory fees, with trading restrictions until July 18, 2025.
As part of the deal, Mitchell Demeter joins Spetz's Board of Directors while maintaining his position as Sonic Strategy's CEO. The acquisition aims to strengthen Spetz's blockchain infrastructure and staking capabilities, with plans to expand validator operations and integrate with the Spetz ecosystem.
Additional trading restrictions apply to 4,116,658 shares issued to Sonic Strategy principals. The company will focus on growing staking solutions, validator-as-a-service (VaaS), and enterprise blockchain adoption. Board member Bhavuk Kaul has resigned following the acquisition.
Spetz (CSE:SPTZ)(OTC:DBKSF) ha completato l'acquisizione di Sonic Strategy, un'azienda di staking blockchain focalizzata sulla blockchain Sonic. La transazione prevede l'emissione di 13.999.999 azioni ordinarie agli azionisti di Sonic Strategy e 700.000 azioni come compenso per la consulenza, con restrizioni al trading fino al 18 luglio 2025.
Come parte dell'accordo, Mitchell Demeter entra a far parte del Consiglio di Amministrazione di Spetz mantenendo la sua posizione di CEO di Sonic Strategy. L'acquisizione mira a rafforzare l'infrastruttura blockchain di Spetz e le capacità di staking, con piani per espandere le operazioni dei validatori e integrarsi con l'ecosistema Spetz.
Ulteriori restrizioni al trading si applicano a 4.116.658 azioni emesse ai dirigenti di Sonic Strategy. L'azienda si concentrerà sulla crescita delle soluzioni di staking, del validator-as-a-service (VaaS) e sull'adozione della blockchain da parte delle imprese. Il membro del Consiglio Bhavuk Kaul si è dimesso dopo l'acquisizione.
Spetz (CSE:SPTZ)(OTC:DBKSF) ha completado su adquisición de Sonic Strategy, una empresa de staking en blockchain centrada en la blockchain Sonic. La transacción implica la emisión de 13.999.999 acciones ordinarias a los accionistas de Sonic Strategy y 700.000 acciones como honorarios de asesoría, con restricciones de negociación hasta el 18 de julio de 2025.
Como parte del acuerdo, Mitchell Demeter se une a la Junta Directiva de Spetz, manteniendo su posición como CEO de Sonic Strategy. La adquisición tiene como objetivo fortalecer la infraestructura blockchain de Spetz y sus capacidades de staking, con planes para expandir las operaciones de validadores e integrarse con el ecosistema Spetz.
Se aplican restricciones adicionales de negociación a 4.116.658 acciones emitidas a los principales de Sonic Strategy. La empresa se enfocará en el crecimiento de soluciones de staking, validator-as-a-service (VaaS) y la adopción de blockchain en empresas. El miembro de la Junta Bhavuk Kaul ha renunciado tras la adquisición.
스펫츠 (CSE:SPTZ)(OTC:DBKSF)는 소닉 전략의 인수를 완료했습니다. 소닉 블록체인에 집중하는 블록체인 스테이킹 회사입니다. 이 거래는 소닉 전략 주주에게 13,999,999주의 보통주를 발행하고 자문 수수료로 700,000주를 발행하며, 2025년 7월 18일까지 거래 제한이 있습니다.
이번 거래의 일환으로 미첼 데메터가 스펫츠 이사회에 합류하면서 소닉 전략의 CEO 직책도 유지합니다. 인수는 스펫츠의 블록체인 인프라와 스테이킹 기능을 강화하고, 검증자 운영을 확장하며 스펫츠 생태계와 통합할 계획입니다.
소닉 전략의 주요 인사에게 발행된 4,116,658주에 대해서는 추가 거래 제한이 적용됩니다. 회사는 스테이킹 솔루션, 검증자 서비스(VaaS) 및 기업의 블록체인 채택을 성장시키는 데 집중할 것입니다. 이사인 바부크 카울은 인수 후 사임했습니다.
Spetz (CSE:SPTZ)(OTC:DBKSF) a finalisé son acquisition de Sonic Strategy, une entreprise de staking blockchain axée sur la blockchain Sonic. La transaction implique l'émission de 13 999 999 actions ordinaires aux actionnaires de Sonic Strategy et de 700 000 actions en tant que frais de conseil, avec des restrictions de négociation jusqu'au 18 juillet 2025.
Dans le cadre de l'accord, Mitchell Demeter rejoint le conseil d'administration de Spetz tout en conservant son poste de PDG de Sonic Strategy. L'acquisition vise à renforcer l'infrastructure blockchain de Spetz et ses capacités de staking, avec des plans pour étendre les opérations des validateurs et s'intégrer à l'écosystème Spetz.
Des restrictions de négociation supplémentaires s'appliquent à 4 116 658 actions émises aux dirigeants de Sonic Strategy. L'entreprise se concentrera sur la croissance des solutions de staking, du validator-as-a-service (VaaS) et de l'adoption de la blockchain par les entreprises. Le membre du conseil Bhavuk Kaul a démissionné après l'acquisition.
Spetz (CSE:SPTZ)(OTC:DBKSF) hat die Übernahme von Sonic Strategy, einem Blockchain-Staking-Unternehmen, das sich auf die Sonic-Blockchain konzentriert, abgeschlossen. Die Transaktion umfasst die Ausgabe von 13.999.999 Stammaktien an die Aktionäre von Sonic Strategy und 700.000 Aktien als Beratungsgebühren, mit Handelsbeschränkungen bis zum 18. Juli 2025.
Im Rahmen des Deals tritt Mitchell Demeter dem Vorstand von Spetz bei, während er seine Position als CEO von Sonic Strategy beibehält. Die Übernahme zielt darauf ab, die Blockchain-Infrastruktur und die Staking-Fähigkeiten von Spetz zu stärken, mit Plänen zur Erweiterung der Validatorenoperationen und zur Integration in das Spetz-Ökosystem.
Zusätzliche Handelsbeschränkungen gelten für 4.116.658 Aktien, die an Führungskräfte von Sonic Strategy ausgegeben wurden. Das Unternehmen wird sich auf das Wachstum von Staking-Lösungen, Validator-as-a-Service (VaaS) und die Unternehmensakzeptanz von Blockchain konzentrieren. Vorstandsmitglied Bhavuk Kaul hat nach der Übernahme seinen Rücktritt erklärt.
- Strategic expansion into blockchain infrastructure and staking solutions
- Addition of experienced blockchain innovator Mitchell Demeter to Board of Directors
- Integration of new blockchain-based revenue streams
- Potential growth in validator-as-a-service (VaaS) and enterprise blockchain adoption
- Significant share dilution with issuance of 14,699,999 new common shares
- Extended trading restrictions on newly issued shares until July 2025
TORONTO, ON / ACCESS Newswire / March 17, 2025 / SPETZ INC. (the "Company" or "Spetz") (CSE:SPTZ)(OTC:DBKSF) is pleased to announce that it has successfully completed its acquisition of Sonic Strategy Inc. ("Sonic Strategy") previously announced on February 3, 2025.
Pursuant to the acquisition, the Company has issued 13,999,999 common shares in the capital of the Company to the shareholders of Sonic Strategy in exchange for
Sonic Strategy is a blockchain staking company focused on the Sonic blockchain. With the completion of the acquisition of Sonic Strategy, Spetz will further strengthen its capabilities in blockchain infrastructure and staking solutions.
As part of the acquisition, Mitchell Demeter will join the Board of Directors of Spetz and will remain as CEO of Sonic Strategy, leading its continued growth and expansion within the blockchain industry. Mr. Demeter is a recognized innovator in the cryptocurrency space with a track record of building successful ventures across the sector. His leadership will be instrumental in aligning Sonic Strategy's development with Spetz's broader vision.
Following the acquisition, Sonic Strategy will focus on expanding its validator operations, increasing staking adoption, and integrating with the broader Spetz ecosystem with the goal of unlocking new blockchain-based revenue opportunities. The company aims to drive growth in staking solutions, validator-as-a-service (VaaS), and enterprise blockchain adoption.
"This acquisition enhances Spetz's technological capabilities by integrating blockchain-based revenue streams, reinforcing its presence in decentralized finance, and positioning it for continued innovation in the Web3 space," said Yossi Nevo, CEO of Spetz Inc. "We are thrilled to officially welcome Sonic Strategy to Spetz and to have Mitchell Demeter join our Board of Directors. His expertise will be key in driving the next phase of blockchain innovation within our company."
"We're excited about the opportunities this acquisition brings and look forward to scaling Sonic Strategy's staking infrastructure under the Spetz umbrella," said Mitchell Demeter, CEO of Sonic Strategy and newly appointed Board Member of Spetz Inc.
Spetz also announces that Bhavuk Kaul has resigned from the Board of Directors. We thank him for his contributions and service to the company and wish him the best in his future endeavors.
About Spetz Inc.
Spetz Inc. is a multinational technology company that operates an AI marketplace application and has investments in blockchain and cryptocurrency. The Spetz application is a global online, AI-powered marketplace platform that dynamically connects consumers to nearby top-rated service providers in around 30 seconds. Spetz is available in the USA, United Kingdom, Australia, and Israel. The Spetz vision is to reinvent how people around the world connect to services in their moment of need by instantly matching them with the top-rated service providers anytime, anywhere.
Spetz Website: www.spetz.app
Investor Information: https://investor.spetz.app
Company Contacts:
Investor Relations
Email: Investors@spetz.app
Nofar Shigani, CFO
Email: nofar@spetz.app
Phone: 647-956-6033
Phone: +972 526238108
Cautionary Note Regarding Forward-Looking Statements
Certain information herein constitutes "forward-looking information" under Canadian securities laws, reflecting management's expectations regarding objectives, plans, strategies, future growth, results of operations, and business prospects of the Company. Words such as "plans," "expects," "intends," "anticipates," "believes," and similar expressions identify forward-looking statements, which are qualified by the inherent risks and uncertainties surrounding future expectations.
Forward-looking statements are based on a number of estimates and assumptions that, while considered reasonable by management, are subject to business, economic, and competitive uncertainties and contingencies. The Company cautions readers not to place undue reliance on these statements, as forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from projected outcomes. Factors influencing these outcomes include economic conditions, regulatory developments, competition, capital availability, and business execution risks.
The forward-looking information contained in this release represents Spetz's expectations as of the date of this release and is subject to change. Spetz does not undertake any obligation to update forward-looking statements, except as required by law.
This press release does not constitute an offer to sell or solicit an offer to buy securities in any jurisdiction where such an offer, solicitation, or sale would be unlawful. None of the securities issued in connection with the acquisition will be registered under the United States Securities Act of 1933, and they may not be offered or sold in the United States absent registration or an applicable exemption.
We seek Safe Harbor.
SOURCE: Spetz Inc.
View the original press release on ACCESS Newswire
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