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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
Calgary, Canada – September 3, 2025 – TheNewswire - DeepMarkit Corp. ("DeepMarkit" or the "Company") (TSXV: MKT) (OTC: MKTDF) (FRA: DEP) announces that it is actively evaluating the implementation of a previously approved consolidation of its Common Shares on a two‑for‑one (2:1) basis (the “Consolidation”). The Consolidation was formally approved by shareholders at the Company’s Annual General Meeting held on March 31, 2025.In line with its August 25, 2025, announcement, the Company continues to evaluate a ...
DeepMarkit Provides Corporate Update
Thenewswire· 2025-08-25 13:00
Calgary, Canada – TheNewswire - August 25, 2025 – DeepMarkit Corp. ("DeepMarkit" or the "Company") (TSXV: MKT) (OTC: MKTDF) (FRA: DEP) is pleased to provide a corporate update on its current subsidiaries and the opportunities under evaluation across key technology verticals.DeepMarkit Digital Corp.DeepMarkit Digital is focused on opportunities in the crypto ecosystem, including treasury management strategies, staking and validating activities, prediction markets, and related initiatives that support the de ...