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Birchtree Investments Announces Proposed Investment in Digital Motion Corporation
Globenewswire· 2025-12-30 17:25
Core Viewpoint - Birchtree Investments Ltd. has executed a non-binding term sheet to acquire a 50% equity interest in Digital Motion Corporation, aiming to enhance its portfolio in the Web3 financial products sector [1][4]. Group 1: Transaction Details - The acquisition involves the issuance of common shares valued at no less than USD$10,000,000 (approximately CAD$13,674,278) based on a deemed issuance price of CAD$0.20 per share [4]. - If the trading price of Birchtree Shares is below CAD$0.20 at closing, the number of shares issued may be adjusted [4]. - The transaction is classified as an arm's length transaction with no finder’s or broker fees involved [4]. Group 2: Conditions and Governance - Closing of the transaction is contingent upon customary conditions, including the execution of a definitive agreement, satisfactory due diligence, and necessary approvals from regulatory bodies and shareholders [5]. - Digital Motion will have the right to nominate two directors to Birchtree's board following the transaction [6]. Group 3: Financial Structure and Shareholding - Post-transaction, Digital Motion's shareholders will hold approximately 32.8% of the total issued Birchtree Shares, while existing shareholders will retain about 67.2% [8]. - The transaction is not expected to change control of Birchtree, as current shareholders will continue to hold more than 50% of the shares [8]. Group 4: Initial Financial Commitment - Birchtree has agreed to advance a refundable deposit of USD$100,000 to Digital Motion, which will be refunded if a definitive agreement is not executed by February 27, 2026 [7].
X @Tesla Owners Silicon Valley
Tesla Owners Silicon Valley· 2025-11-28 03:54
Elon Musk on Starbase“The cool thing is for anyone out there who's watching this, you can actually come and visit because our entire production facility and launch site are on a public highway.”Visit Starbase once in your lifetime.https://t.co/y7j4dIbL2Q ...
X @Tesla Owners Silicon Valley
Tesla Owners Silicon Valley· 2025-10-25 15:05
Go visit Starbase once in your lifetime. It’s open to public viewing from a beach in Texas. https://t.co/48BZIP816e ...
X @Tesla Owners Silicon Valley
Tesla Owners Silicon Valley· 2025-10-09 01:48
Space Exploration & Infrastructure - Starbase is positioned as the entry point for missions to Mars [1]
X @TechCrunch
TechCrunch· 2025-07-18 17:48
Safety Concerns - SpaceX's Starbase facility has higher worker injury rates compared to industry rivals [1] Industry Comparison - The report highlights a disparity in safety records between SpaceX and its competitors in the aerospace industry [1]