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DeepMarkit Closes Acquisition of Prospect Prediction Markets and Initial $1.53 Million Private Placement
Thenewswire· 2025-11-19 00:15
Core Insights - DeepMarkit Corp. has successfully closed the acquisition of Prospect Prediction Markets Inc. and completed the first tranche of a non-brokered private placement, raising approximately $1.53 million [1][3] Acquisition Details - The acquisition involved the issuance of approximately 10 million common shares at a deemed price of $0.06 per share, totaling a transaction value of $600,000 [2][4] - Prospect operates a blockchain-based platform for free-to-play sports prediction markets, allowing DeepMarkit to enter the growing sports engagement technology sector [2][10] - Trevor Broad has been appointed as Chief Technology Officer and Director, bringing over 15 years of experience in technology, fintech, and blockchain [11] Financial Aspects - The first tranche of the private placement involved issuing 25,583,332 common shares at $0.06 per share, generating gross proceeds of $1,534,999 [5][6] - The net proceeds from the private placement will be allocated for various purposes, including repayment of existing debt, development of Prospect's platform, and marketing efforts [9] Payment Obligations - Initial payment of $50,000 is due within 90 days of closing, with contingent payments based on achieving specific Monthly Active Users (MAUs) milestones [8] Corporate Structure - The acquisition does not create a Non-Arm's Length transaction, and no finder's fees were involved [12]
DeepMarkit Update on Proposed Acquisition of Prospect Prediction Markets
Thenewswire· 2025-10-21 19:50
Core Insights - DeepMarkit Corp. is progressing with the acquisition of Prospect Prediction Markets Inc. and a concurrent private placement of common shares [1][3] - Trading of DeepMarkit's common shares was halted on September 16, 2025, pending review of the acquisition by the TSX Venture Exchange, which has conditionally accepted the acquisition [2] - The company plans to issue a comprehensive news release with further details about the acquisition and Prospect in the future [3] Company Overview - DeepMarkit Corp. operates in technology sectors including blockchain, artificial intelligence, and tokenization, with a platform for minting carbon offsets into NFTs [3] - The company's shares are listed on multiple exchanges: TSX Venture Exchange (MKT), OTC market (MKTDF), and Frankfurt Stock Exchange (DEP) [3]
DeepMarkit Announces LOI to Acquire Prospect Prediction Markets and Concurrent Private Placement
Thenewswire· 2025-09-16 16:45
Core Viewpoint - DeepMarkit Corp. has entered into a non-binding letter of intent to acquire all outstanding shares of Prospect Prediction Markets Inc., subject to conditions including approval from the TSX Venture Exchange [1][7]. Group 1: Transaction Overview - The transaction involves a share purchase or exchange, with each Prospect common share being exchanged for approximately 16.67 Common Shares of DeepMarkit, resulting in a total of about 10,000,000 Common Shares being issued [3]. - The total valuation for Prospect is approximately $600,000, with each Consideration Share priced at $0.06 [3]. - The transaction is expected to be classified as a "Fundamental Acquisition" under Exchange Policy 5.3 and will be subject to Exchange review [7]. Group 2: Business of Prospect - Prospect is a private company focused on developing fantasy sports software, utilizing a free-to-play prediction market platform and a proprietary ranking-style algorithm on the Avalanche blockchain [2]. Group 3: Post-Transaction Structure - Following the transaction, Prospect will have the right to nominate one director to DeepMarkit's board, and Trevor Broad, the CEO of Prospect, will become the Chief Technology Officer of DeepMarkit [4]. - After the transaction and a concurrent private placement, Prospect's shareholders will own approximately 17.18% of DeepMarkit [5]. Group 4: Private Placement Details - DeepMarkit plans to conduct a non-brokered private placement of up to 36,000,000 Common Shares at $0.06 per share, with no minimum offering size [8]. - The net proceeds from the private placement will be used for initial payments to Prospect Labs Inc., business development, and general corporate purposes [9].
DeepMarkit Evaluating Implementation of Approved Share Consolidation to Support Strategic Growth Initiatives
Thenewswire· 2025-09-03 21:10
Core Viewpoint - DeepMarkit Corp. is evaluating the implementation of a previously approved two-for-one share consolidation to enhance its investment profile and support growth initiatives in innovative sectors [1][2]. Group 1: Share Consolidation - The share consolidation was approved by shareholders at the Annual General Meeting on March 31, 2025, and shareholders will receive one post-consolidation share for every two existing shares [1][2]. - The consolidation may occur at any time before March 31, 2026, and is subject to TSX Venture Exchange approval and the discretion of the Board of Directors [2]. Group 2: Growth Opportunities - The company is exploring various emerging opportunities in high-growth sectors to build on its existing capabilities and enhance long-term shareholder value [2]. - CEO Steve Vanry emphasized that the consolidation could improve the company's attractiveness to potential partners and investors as it pursues strategic growth avenues [2][5]. Group 3: Company Overview - DeepMarkit Corp. is a Canadian technology company focused on blockchain, artificial intelligence, and tokenization, with initiatives in the crypto ecosystem and decentralized networks [3]. - The company operates through DeepMarkit Digital Corp. and DeepMarkit AI Corp., focusing on blockchain infrastructure, decentralized AI platforms, and token-based incentives [3].
DeepMarkit Provides Corporate Update
Thenewswire· 2025-08-25 13:00
Core Insights - DeepMarkit Corp. is advancing its subsidiaries in blockchain, artificial intelligence, and tokenization, aiming to align with high-growth technology themes and provide pathways for emerging businesses to access public markets [5][6] Group 1: Subsidiaries Overview - **DeepMarkit Digital Corp.** is focused on the crypto ecosystem, exploring treasury management strategies, staking, validating activities, and potential partnerships to enhance exposure to blockchain infrastructure and the digital asset economy [2] - **DeepMarkit AI Corp.** is investigating opportunities at the intersection of artificial intelligence and blockchain, including decentralized AI platforms and token-based economics to incentivize adoption and growth [3] - **First Carbon Corp.** is reviewing tokenization opportunities for real-world assets, initially focusing on carbon credits through its MintCarbon platform, and evaluating the extension of tokenization expertise to other asset classes [4] Group 2: Strategic Outlook - The company's strategy emphasizes advancing its subsidiaries across key technology verticals while maintaining flexibility to pursue additional opportunities, thereby strengthening its corporate platform for innovation [5]