Tokens.com to Rebrand as Realbotix

Rhea-AI Summary

Tokens.com Corp. (TSX-V: COIN | OTC: XBOTF), a leader in humanoid robots and AI, plans to rebrand as Realbotix Corp. at its next AGM on July 9, 2024. The rebrand aims to align with its primary business of creating AI-based companionship robots. The Canadian ticker symbol will change to XBOT on May 24, 2024, with the US symbol already changed to XBOTF on May 17, 2024. The company will continue managing its cryptocurrency inventory, selling portions based on business needs and market conditions. A new corporate website, www.Realbotix.Ai, is in development, with further announcements expected soon. Regulatory filings will remain under Tokens.com Corp. until final approval at the AGM.

Positive

• Company rebranding to Realbotix to better reflect its core business in humanoid robots and AI.
• Widespread support from major shareholders, representing over 40% of shares.
• New ticker symbol XBOT on TSX Venture Exchange effective May 24, 2024.
• Maintaining cryptocurrency inventory, providing flexibility based on market conditions.
• Launching a new corporate website to consolidate brand identity.

Negative

• Name change and rebranding subject to shareholder approval at the AGM.
• Potential costs and disruptions associated with the rebranding and website launch.
• Dependence on market conditions for cryptocurrency sales, posing a financial risk.

TORONTO--(BUSINESS WIRE)-- Tokens.com Corp. (TSX-V: COIN | Frankfurt Stock Exchange: 76M | OTC: XBOTF) (“Tokens.com” or the “Company”), a leader in building realistic humanoid robots and companionship-based AI, has registered “Realbotix” as its business name and will propose a legal name change to Realbotix Corp. at its next annual general meeting (“AGM”), currently scheduled to be held on July 9, 2024.

In discussions with major shareholders comprising over 40% of the issued and outstanding shares, the management and board believe there to be widespread support for the rebrand and name change. Final approvals in connection with the name change will be sought at the AGM and in accordance with TSX Venture Exchange’s regulations.

In addition, the Company will change its Canadian ticker symbol on the TSX Venture Exchange to XBOT, effective May 24, 2024, pre-market open. The US ticker symbol on the OTCQB was changed to XBOTF on May 17, 2024. The Company's Frankfurt ticker symbol will remain 76M.

The name change to Realbotix was determined by management to more adequately reflect the Company's principal business operations and consolidate the brand under one banner. The Company will continue to manage its cryptocurrency inventory and expects to sell a portion or all of its cryptocurrency over time depending on the capital needs of the business and the market prices.

In preparation for such changes, the Company will be changing its corporate website to www.Realbotix.Ai. Further announcements regarding a new website launch are forthcoming. The Company will also use the www.Realbotix.com domain as its main customer site for the procurement and ordering of humanoid robots and integrated AI based services. Visitors to Tokens.com will be redirected to the new website once completed. In the meantime, regulatory filings will continue to be filed under Tokens.com Corp. on www.sedar.com until a final approval is tabled for a vote at the Company's AGM.

"Tokens.com has evolved through the years. Tokens.com reflects our roots in crypto, but now no longer adequately conveys our principal business operation,” said Andrew Kiguel, CEO of Tokens.com. “With recent changes, our new name clearly identifies that we are in the business of creating relationship-based AI and realistic humanoid robots. Subject to approval by the shareholders at the AGM, the name change will also pave the way for the sale of the Tokens.com domain name, which we believe is one of the premier domain names in all of crypto. We are excited to continue to forge ahead in this new pathway and with a new identity which better reflects the Company’s recent evolution."

About Tokens.com

Tokens.com is a technology company focused on building ultra-realistic humanoid robotics and companionship-based AI. Tokens.com owns 100% of Simulacra Corp., 15.3% of StoryFire Inc., an inventory of cryptocurrencies and several 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, 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 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.sedarplus.ca. 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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240522164903/en/

Tokens.com Corp.

Andrew Kiguel, CEO

Email: contact@tokens.com

Jennifer Karkula, Head of Communications

Email: contact@tokens.com

Telephone: 647-578-7490

Source: Tokens.com Corp.

FAQ

What is the new name for Tokens.com Corp.?

Tokens.com Corp. is rebranding to Realbotix Corp.

When will the name change to Realbotix be proposed?

The name change will be proposed at the AGM on July 9, 2024.

What will be the new ticker symbol for Tokens.com on the TSX Venture Exchange?

The new ticker symbol will be XBOT, effective May 24, 2024.

Has the US ticker symbol for Tokens.com changed?

Yes, the US ticker symbol changed to XBOTF on May 17, 2024.

Will the company continue to manage its cryptocurrency inventory?

Yes, the company will continue to manage and potentially sell portions of its cryptocurrency inventory based on business needs and market conditions.

What are the new domains for Realbotix?

The new domains are www.Realbotix.Ai for corporate information and www.Realbotix.com for customer orders.