12 days ago
Securities.io
Both Coinsquare and CoinSmart rival WonderFi, a Kevin O’Leary-backed crypto company, made several acquisitions around this time. The transaction involved Coinsquare paying CoinSmart $3 million in cash and issuing 5.2 million Coinsquare shares to CoinSmart. On the completion of the acquisition, CoinSmart will hold approximately 12% of the issued and outstanding Coinsquare shares. As part of the deal, CoinSmart co-founders Justin Hartzman, Jeremy Koven, and Michael Koral, among other employees, will also be joining Coinsquare. Coinsquare Backs Out, Says it not Worth the High CostLess than four months after the deal, Coinsquare wanted to back out of that deal which CoinSmart said came as a surprise, according to a January 9 press release from CoinSmart.
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