Workflow
Starbase
icon
Search documents
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
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
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
Space Exploration & Infrastructure - Starbase is positioned as the entry point for missions to Mars [1]
X @SpaceX
SpaceX· 2025-10-08 22:54
Space Exploration & Launch Activity - Flight-proven Super Heavy booster moved to the launch pad at Starbase [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]