Justera Signs LOI to Acquire Crypto Company Babbage Mining Co.
Justera Health (CSE:VTAL)(OTC PINK:SCRSF) has signed a non-binding LOI to acquire 100% of Babbage Mining Co., a proof-of-stake mining operation with Coinbase custodian accounts. The proposed transaction involves issuing 12,000,000 common shares at $0.02 per share, with a 1% royalty, subject to regulatory approvals.
The acquisition will enable Justera to accept cryptocurrencies like Bitcoin, Ethereum, and Solana as payment methods. The transaction is arm's length and won't constitute a fundamental change. The consideration shares may be subject to a 4-month hold period. The deal completion depends on corporate and regulatory approvals and entering into a definitive agreement.
Justera Health, which operates in healthcare, pharmaceuticals, and wellness sectors, recently expanded into cannabis through the Port North brand acquisition.
Justera Health (CSE:VTAL)(OTC PINK:SCRSF) ha firmato una lettera di intenti non vincolante per acquisire il 100% di Babbage Mining Co., un'operazione di mining proof-of-stake con conti custodian presso Coinbase. La transazione proposta prevede l'emissione di 12.000.000 di azioni ordinarie a $0,02 per azione, con una royalty dell'1%, soggetta ad approvazioni normative.
L'acquisizione consentirà a Justera di accettare criptovalute come Bitcoin, Ethereum e Solana come metodi di pagamento. La transazione è effettuata tra parti indipendenti e non comporterà un cambiamento fondamentale. Le azioni di corrispettivo potrebbero essere soggette a un periodo di blocco di 4 mesi. Il completamento dell'affare dipende dalle approvazioni aziendali e normative e dalla conclusione di un accordo definitivo.
Justera Health, che opera nei settori della sanità, dei farmaci e del benessere, ha recentemente ampliato le sue attività nel cannabis attraverso l'acquisizione del marchio Port North.
Justera Health (CSE:VTAL)(OTC PINK:SCRSF) ha firmado una carta de intención no vinculante para adquirir el 100% de Babbage Mining Co., una operación de minería proof-of-stake con cuentas de custodia de Coinbase. La transacción propuesta implica la emisión de 12.000.000 de acciones comunes a $0,02 por acción, con un royalty del 1%, sujeta a aprobaciones regulatorias.
La adquisición permitirá a Justera aceptar criptomonedas como Bitcoin, Ethereum y Solana como métodos de pago. La transacción se realiza entre partes independientes y no constituirá un cambio fundamental. Las acciones de consideración pueden estar sujetas a un período de retención de 4 meses. La finalización del acuerdo depende de las aprobaciones corporativas y regulatorias y de la celebración de un acuerdo definitivo.
Justera Health, que opera en el sector de la salud, farmacéuticos y bienestar, recientemente se expandió al cannabis a través de la adquisición de la marca Port North.
Justera Health (CSE:VTAL)(OTC PINK:SCRSF)는 Coinbase의 수탁 계좌를 이용한 지분 증명 채굴 운영을 하는 Babbage Mining Co.의 100% 인수를 위한 비구속 양해각서(LOI)를 체결했습니다. 제안된 거래는 주당 $0.02에 12,000,000주를 발행하며, 1%의 로열티가 포함되어 있으며, 규제 승인을 받아야 합니다.
이번 인수를 통해 Justera는 Bitcoin, Ethereum 및 Solana와 같은 암호화폐를 결제 수단으로 수용할 수 있게 됩니다. 거래는 독립적인 사이에서 이루어지며 기본적인 변화가 되지 않습니다. 고려 사항으로 발행된 주식은 4개월의 보유 기간이 적용될 수 있습니다. 거래의 완료는 기업 및 규제 승인을 받고 최종 계약을 체결하는 데 달려 있습니다.
Justera Health는 헬스케어, 제약 및 웰니스 분야에서 운영되며, 최근 Port North 브랜드 인수를 통해 대마초 분야로 확대되었습니다.
Justera Health (CSE:VTAL)(OTC PINK:SCRSF) a signé une lettre d'intention non contraignante pour acquérir 100 % de Babbage Mining Co., une opération de minage de preuve de participation avec des comptes de garde Coinbase. La transaction proposée implique l'émission de 12 000 000 d'actions ordinaires à 0,02 $ par action, avec une redevance de 1 %, sous réserve d'approbations réglementaires.
L'acquisition permettra à Justera d'accepter des cryptomonnaies telles que Bitcoin, Ethereum et Solana comme méthodes de paiement. La transaction est effectuée entre des parties indépendantes et ne constituera pas un changement fondamental. Les actions de rémunération peuvent être soumises à une période de blocage de 4 mois. La finalisation de l'accord dépend des approbations corporatives et réglementaires et de la conclusion d'un contrat définitif.
Justera Health, qui opère dans les secteurs de la santé, des produits pharmaceutiques et du bien-être, a récemment élargi ses activités dans le cannabis par l'acquisition de la marque Port North.
Justera Health (CSE:VTAL)(OTC PINK:SCRSF) hat eine unverbindliche Absichtserklärung unterzeichnet, um 100% der Babbage Mining Co. zu erwerben, einem Proof-of-Stake-Mining-Betrieb mit Coinbase-Treuhandkonten. Die vorgeschlagene Transaktion sieht die Emission von 12.000.000 Stammaktien zu einem Preis von 0,02 $ pro Aktie vor, mit einer Royalty von 1%, die regulatorischen Genehmigungen unterliegt.
Der Erwerb wird es Justera ermöglichen, Kryptowährungen wie Bitcoin, Ethereum und Solana als Zahlungsmethoden zu akzeptieren. Die Transaktion erfolgt zwischen unabhängigen Parteien und wird keine grundlegende Änderung darstellen. Die Vergütungsaktien können einer Haltedauer von 4 Monaten unterliegen. Der Abschluss des Deals hängt von Unternehmens- und regulatorischen Genehmigungen sowie dem Abschluss eines endgültigen Vertrags ab.
Justera Health, das in den Bereichen Gesundheitsversorgung, Pharmazie und Wellness tätig ist, hat kürzlich durch die Akquisition der Marke Port North ins Cannabisgeschäft expandiert.
- Enables cryptocurrency payment acceptance (Bitcoin, Ethereum, Solana)
- Strategic expansion into crypto mining sector
- Acquisition structured with shares, preserving cash
- Share issuance of 12M shares at $0.02 represents dilution for existing shareholders
- Non-binding LOI with multiple conditions for completion
- 1% royalty obligation adds ongoing cost
TORONTO, ON / ACCESS Newswire / January 29, 2025 / Justera Health Ltd. (CSE:VTAL)(OTC PINK:SCRSF) ("Justera" or the "Company") is pleased to announce that it has signed a non-binding LOI to acquire
The terms of the proposed transaction include the issuance of 12,000,000 common shares of the Company ("Consideration Share") at a deemed value of
Completion of the Transaction remains subject to the satisfaction of various conditions including, without limitation, the receipt by the Company and Babbage Mining of all necessary corporate and regulatory approvals and other conditions customary for a transaction of this nature, including entering into a definitive agreement.
Babbage Mining is a proof-of-stake mining operation that currently holds custodian accounts with Coinbase, among its other assets. The acquisition will allow Justera the ability to accept crypto digital currency such as Bitcoin, Ethereum and Solana as a payment method. "I am extremely excited about the immediate potential of Babbage Mining" said Joshua Herman, CEO of Justera.
Justera Health has subsidiaries in healthcare, pharmaceuticals, and wellness sectors. The company recently entered the cannabis space with the acquisition of a prominent cannabis brand, Port North, and will continue to look to provide ongoing value to its shareholders.
A further update will be provided, once a definitive agreement is signed.
About Justera Health
Established in 2020, Justera is a Canadian company focused on health and wellness. Through its services, innovative products, strategic partnerships, Justera empowers individuals to prioritize their well-being. With four subsidiaries, it offers personalized healthcare services and solutions, such as IV Vitamin Therapy, premium nutritional supplements through its Naturevan Nutrition brand, a full 360-degree wellness and spa experience through Juillet Wellness that provides registered massage therapy, acupuncture, and new retail stores in Vancouver. Justera's mission is to enhance Canadians overall well-being with diverse solutions catering to individual needs.
For additional information on Justera Health and other corporate information, please visit the Company's website at https://www.justerahealth.com/
For more information about the Company, please refer to the Company's profile on SEDAR+ at www.sedarplus.com.
For further information:
Investor Relations & Communications
Paul Haber, CFO
Tel: (416) 318-6501
Email: info@justerahealth.com
Forward-Looking Statements:
Certain statements contained in this news release may constitute forward-looking information, including statements relating to the future development of Justera's business. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", and similar expressions.All statements included herein, other than statements of historical fact, are forward-looking statements, including but not limited to: the terms, timing and completion of the Transaction, if the Transaction is to close at all, the receipt of all necessary regulatory and CSE approvals, authorizations and consents in connection with the Transaction, and the completion or waiver, as applicable, of all conditions precedent required for the completion of the Transaction; the anticipated business plans including with respect to cryptocurrencies and future activities of the Company and Babbage Mining, including the Company's intention to integrate Babbage Mining into its business; and the anticipated benefits and synergies to be derived from the Transaction on the business of both Babbage Mining and the Company; and the date in which the Consideration Shares may become free-trading.
Forward-Looking Statements are based on assumptions, estimates, analyses and opinions of management of the Company at the time they were provided or made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, including: (i) successful completion of the Transaction and the integration of the business of Babbage Mining in connection therewith; (iii) the ability to manage anticipated and unanticipated costs; (iv) achieving the anticipated results of the Company's strategic plans; (v) obtaining and maintaining all required licenses, approvals and permits, including regulatory approvals required to complete the Transaction; (vi) any adverse changes and developments regarding cryptocurrency ecosystem; (vii) technological and business risks inherent in cryptocurrency and other emerging sectors that the Company is or may become involved in; (viii) inherent volatility in the prices of certain cryptocurrencies; (ix) growth and development of decentralized finance and the digital asset sector; and (x) general economic, financial market, regulatory and political conditions in which the Company operates.
Forward-looking information involves known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. The actual results of Justera could differ materially from those anticipated in this forward-looking information as a result of the inability to consummate the Transaction, including the inability to obtain required regulatory approvals and third-party consents and the satisfaction of other conditions; changes in general economic, business and political conditions and uncertainties, including changes in the financial markets and speculative nature of cryptocurrencies, changes in applicable laws generally and adverse future legislative and regulatory developments involving cryptocurrencies, competitive factors in the industries in which Justera operates, prevailing economic conditions, changes to Justera's strategic growth plans, and other factors, many of which are beyond the control of Justera.
Management of Justera believes that the expectations reflected in the forward-looking information herein are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward‐looking information contained in this news release represents Justera's expectations as of the date hereof and is subject to change after such date. Justera disclaims any intention or obligation to update or revise any forward‐looking information whether as a result of new information, future events, or otherwise, except as required by applicable securities legislation.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE: Justera Health Ltd.
View the original press release on ACCESS Newswire
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