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Cryptoblox Technologies ( (TSE:KAS) ) has provided an update.
Dynamite Blockchain Corp. has announced a non-brokered private placement to raise $2.5 million through the issuance of 50 million units, each comprising a common share and a transferable share purchase warrant. The proceeds are intended to strengthen the company’s position as a utility-based digital asset proxy by settling debts, acquiring utility coins, and advancing its blockchain technologies. This strategic move aims to clean up the company’s balance sheet and provide shareholders with exposure to utility-focused digital assets, aligning with regulatory frameworks and offering liquidity in the public market.
More about Cryptoblox Technologies
Dynamite Blockchain Corp. is a blockchain technology infrastructure company focused on building a diversified blockchain ecosystem, particularly centered around Kaspa. The company operates Kaspa mining assets and develops Kaspa-enabled products, aiming to enhance digital asset utility and adoption.
Average Trading Volume: 273,742
Technical Sentiment Signal: Sell
Current Market Cap: C$7.14M
See more data about KAS stock on TipRanks’ Stock Analysis page.