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Tokens.com Management Team Acquires Common Shares in Open Market

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Tokens.com Corp. announces senior management team's purchase of 500,000 common shares, led by CEO Andrew Kiguel acquiring 300,000 shares. The company believes its shares are undervalued, leading to the strategic review and recent asset sales. Tokens.com aims to enhance shareholder value through future transactions.
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TORONTO--(BUSINESS WIRE)-- Tokens.com Corp. (Cboe Canada: COIN) (Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) (“Tokens.com” or the “Company”), a technology holding company that owns an inventory of cryptocurrencies, is pleased to share that certain members of its senior management team have purchased an aggregate of 500,000 common shares on the open market, between February 22, 2024 and February 27, 2024.

Andrew Kiguel, CEO, acquired 300,000 common shares, bringing his total ownership of common shares to 15,965,000. Martin Bui, CFO, acquired 170,000 common shares, and Jennifer Karkula, Head of Communications, acquired 30,000 common shares.

"Management believes that the intrinsic value of the Tokens.com shares has been overlooked by the market. Management believes in the potential of our Company," said Andrew Kiguel, CEO of Tokens.com. "Our management team shares this conviction, evident in their decision to bolster their stake by purchasing additional common shares. We are excited by the near-term and long-term growth prospects of the Company."

In November 2023, Tokens.com commenced a strategic review, which, among other things, precipitated the recent sale by the Company of the assets comprising the Metaverse Group and Hulk Labs. The board of directors and the senior management team of the Company remain actively engaged in exploring several possible transactions with a view to propeling the business forward and enhancing shareholder value.

About Tokens.com

Tokens.com is a technology holding company that also owns an inventory of cryptocurrency and a collection of top ranked crypto related domain names.

Visit Tokens.com to learn more.

Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, Facebook, Instagram and YouTube.

Forward-Looking Statements

This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to the strategic review process and the work of the Committee; whether a strategic change, transaction or any outcome will result from or be consummated or implemented as a result of the strategic review process; and whether any transaction resulting from the strategic review process, if any, will ultimately enhance shareholder or stakeholder value in the long term.

Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.

Tokens.com Corp.

Andrew Kiguel, CEO

Email: contact@tokens.com



Jennifer Karkula, Head of Communications

Email: contact@tokens.com

Source: Tokens.com Corp.

FAQ

How many common shares did Andrew Kiguel, CEO of Tokens.com, acquire?

Andrew Kiguel acquired 300,000 common shares of Tokens.com.

When did the senior management team purchase the common shares?

The senior management team purchased the common shares between February 22, 2024, and February 27, 2024.

What prompted Tokens.com to commence a strategic review?

Tokens.com commenced a strategic review in November 2023.

What recent sales did Tokens.com make as part of its strategic review?

Tokens.com recently sold the assets comprising the Metaverse Group and Hulk Labs.

What is Tokens.com's goal regarding shareholder value enhancement?

Tokens.com aims to enhance shareholder value through future transactions.

TOKENS COM CORP

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