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Anon Signs Non-Binding Letter of Intent with Arkhive Technologies to Acquire 30% Strategic Interest
Thenewswireยท 2025-12-03 14:00
Core Insights - Anonymous Intelligence Company Inc. has entered into a non-binding Letter of Intent to acquire a 30% ownership interest in ARKHIVE Technologies Ltd. through cash, equity, and strategic collaboration initiatives [1][2][6] Financial Terms - The acquisition will involve USD $75,000 in cash, USD $200,000 in ANON common shares at a deemed value of CAD $0.50 per share, and 1,000,000 common share purchase warrants exercisable at CAD $0.50 for two years [2] - In return, ARKHIVE will issue 150,000,000 ARKV tokens valued at USD $0.00183 per token, representing approximately 30% of its circulating supply, along with a board seat for ANON's CEO [3] Strategic Collaboration - The LOI outlines a strategic collaboration aimed at leveraging both companies' strengths in Web3, AI, and decentralized technologies, including integration of ANON's SimpliiCrypto and SimpliiAI platforms with ARKHIVE's ecosystem [4] - Joint development of new digital asset products, including real-world NFTs, prediction markets, and ARK Score analytics, is planned [4] Use of Funds - Funds from ANON are expected to support ARKHIVE's platform development, smart contract engineering, NFT marketplace architecture, and operational initiatives [5] Governance and Management - Denis Franks, CEO of ANON, will assume an executive role in ARKHIVE to support partnership and growth initiatives, reflecting a deep integration between the two companies [6] Conditions for Completion - The transaction is subject to customary conditions, including satisfactory due diligence, corporate approvals, and necessary regulatory approvals from the Canadian Securities Exchange [6]