Accrelist terminates a blockchain firm acquisition

Accrelist terminates a blockchain firm acquisition

The Accrelist called off its decision to invest in an aggregate of 10% stake of AmazingTech Pte Ltd, a blockchain service provider. An agreement for a purchase consideration of $1 million to be settled by $200,000 in cash and the rest by the issuance of ordinary shares was entered. The parties faced issues with SPA conditions and terminated the acquisition.

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