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Tokenwell Platforms Inc., Formerly Trilogy AI Corp., Announces Closing of Acquisition of WealthAgile Inc.
Newsfileยท 2025-08-06 21:28
Core Viewpoint - Tokenwell Platforms Inc. has successfully completed the acquisition of WealthAgile Inc., enhancing its position in the cryptocurrency investment sector and is set to resume trading on the Canadian Securities Exchange under the new ticker symbol "TWEL" [1][2]. Transaction Summary - The acquisition involved Tokenwell acquiring 100% of WealthAgile's shares in exchange for 22,999,979 common shares of Tokenwell [2]. Board and Management Changes - Mr. Timothy J. Burgess has been appointed as the new Chief Executive Officer and Director of Tokenwell, bringing his experience from WealthAgile and a strong background in quantitative investing [3]. - Ms. Kate-Lynn Genzel has been appointed as Chief Financial Officer effective August 5, 2025, with over ten years of experience in financial roles [5]. - The company expressed gratitude to former CEO Ms. Melody Cooper and former CFO Mr. Alexander McAulay for their contributions [4][6]. Concurrent Financing - Tokenwell completed a non-brokered private placement of 10,000,000 units at a price of $0.20 per unit, raising aggregate gross proceeds of $2,000,000 [7][8]. Name Change - The company changed its name from "Trilogy AI Corp." to "Tokenwell Platforms Inc." on August 1, 2025, prior to the acquisition [9]. Company Overview - Tokenwell Platforms Inc. focuses on enhancing access to intelligent cryptocurrency investing through its innovative, user-centric platform [11].