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Private issuer operating a cryptocurrency exchange completes $6.5 million financing

Fasken
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Overview

Client

Confidential Client

Private issuer operating a crypto currency exchange completes a $6.5 million financing through the combination of (i) an equity financing with certain strategic investors issuing units from treasury, with each unit consisting of one common share and one half of one warrant and (ii) the conversion of previously issued SAFEs and the exercise of certain options provided to the SAFE holders. The SAFE holders and optionees were issued common shares in the Company. Fasken advised the private issuer with a team that included Craig Brown, Reid Crombie and Jeff Dennis.

Team

  • M. Craig G. Brown, Partner | LEADER, INDIA PRACTICE GROUP, Toronto, ON, +1 416 868 3411, cbrown@fasken.com
  • Reid Crombie, Partner, Toronto, ON, +1 416 868 7885, rcrombie@fasken.com
  • Jeff Dennis, Counsel, Toronto, ON, +1 416 868 7544, jdennis@fasken.com