Tera Exchange, MGT Capital Merger Agreement Delayed
The reverse merger agreement that would have taken Tera Exchange public has hit a roadblock.
Tera's Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term derivative platform was approved by the US Commodity Futures Trading Commission (CFTC) last year, though the derivative products themselves have yet to be approved. Its transformation into a publicly traded company may help further instill investor and user confidence in the platform, which would be subject to greater regulatory oversight and reporting requirements.
Tera Group Inc. and MGT Capital Investments Inc. had signed a letter of intent (LOI) to merge, enabling Tera to become a publicly traded entity.
MGT Capital is a holding company whose subsidiaries engage in online and mobile gaming. It is traded on NYSE MKT, formerly the American Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term, worth $0.43 per share and having a total market cap of $6 million.
The self-imposed deadline for finalizing details of the agreement was this past Monday, and parties have not agreed upon a binding extension. MGT Capital, in providing the update, did not specify which aspects of the agreement still need work.
Requests for clarification have been made from both companies, but replies had yet to be received as of publishing time.
Robert Ladd, CEO of MGT, commented in a press release, "The upside opportunity of a deal is extraordinary for our stockholders, and we remain committed to working with Tera management and legal team to finalize the complex agreement."
The reverse merger agreement that would have taken Tera Exchange public has hit a roadblock.
Tera's Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term derivative platform was approved by the US Commodity Futures Trading Commission (CFTC) last year, though the derivative products themselves have yet to be approved. Its transformation into a publicly traded company may help further instill investor and user confidence in the platform, which would be subject to greater regulatory oversight and reporting requirements.
Tera Group Inc. and MGT Capital Investments Inc. had signed a letter of intent (LOI) to merge, enabling Tera to become a publicly traded entity.
MGT Capital is a holding company whose subsidiaries engage in online and mobile gaming. It is traded on NYSE MKT, formerly the American Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term, worth $0.43 per share and having a total market cap of $6 million.
The self-imposed deadline for finalizing details of the agreement was this past Monday, and parties have not agreed upon a binding extension. MGT Capital, in providing the update, did not specify which aspects of the agreement still need work.
Requests for clarification have been made from both companies, but replies had yet to be received as of publishing time.
Robert Ladd, CEO of MGT, commented in a press release, "The upside opportunity of a deal is extraordinary for our stockholders, and we remain committed to working with Tera management and legal team to finalize the complex agreement."