Paulness
1月前
NEWS -- Realbotix Joins AI Partnerships Corp. Affiliate Network
Realbotix Joins AI Partnerships Corp. Affiliate Network
Realbotix Corp. (TSX-V: XBOT) (Frankfurt Stock Exchange: 76M0.F) (OTC: XBOTF) (“Realbotix” or the “Company”), a leading creator of humanoid robots and companionship-based AI, is pleased to announce that it has accepted an invitation to join the AI Partnerships Corporation Affiliate Network, an international network of AI companies that fosters collaboration and innovation in artificial intelligence.
Realbotix’s inclusion in this network reflects the Company’s commitment to collaborating with other companies in the advancement of AI technology globally and shaping the future of human-robot interaction.
“This partnership enables us to connect with and collaborate with other innovators in the AI field,” said Andrew Kiguel, CEO of Realbotix. “We look forward to the opportunities that arise from joining this network.”
AI Partnerships Corporation has created a world-wide network of Affiliates that brings together cutting-edge companies in the AI sector to share business opportunities, explore new applications and drive the development of ethical, transformative technologies. By joining the Affiliate network, Realbotix will collaborate with other industry leaders, contribute to AI innovation and explore new opportunities to integrate advanced robotics into everyday life.
“Having Realbotix join the AI Partnerships Corp. Affiliate Network provides an opportunity for AIP and our 160 company Affiliate Network to leverage the advanced robotics technology that Realbotix provides,” said Dr. Tom Corr the CEO of AI Partnerships Corporation. “As we expand the offerings of the Affiliates in our network, we look to make AI more accessible and affordable to businesses of all sizes and take part in the mass adoption of enterprise AI.”
Through the AIP Affiliate network, Realbotix looks forward to deepening its expertise, expanding its innovation pipeline, and continuing to deliver AI-powered solutions that revolutionize the way humans interact with technology.
About Realbotix
Transcending the barrier between man and machine, Realbotix creates human-like, socially intelligent robots that improve the human experience through learning, connection and play. Manufactured in Nevada, USA, Realbotix has built a reputation for building robots with the most realistic human appearance on the market. Our target addressable markets are massive, most of them in the tens or hundreds of billions USD.
Our mission is to create robots and AI that are indistinguishable from humans in appearance and social interaction. Realbotix replicates the physical and emotional aspects of being human, in hardware and software. This versatility makes our robots and their personalities customizable and programmable to suit a wide variety of use cases.
Visit https://Realbotix.AI to learn more.
Keep up-to-date on Realbotix.AI developments and join our online communities on Twitter, LinkedIn, and YouTube.
Follow Aria, our humanoid robot, on Instagram and TikTok.
About AI Partnerships Corporation
AI Partnerships Corp. matches small to medium businesses and enterprises with over 160 Affiliates in a network of companies experienced in delivering Artificial Intelligence and Machine Learning-powered solutions to solve various business needs, whether it is a specific task that needs to be automated to increase revenue or a robust set of AI-powered processes that reduce costs. Together, AIP and its Affiliates develop winning strategies for enterprise customers in the Finance, Manufacturing, Healthcare, Retail, Sales and Marketing, Government, Data Science and other sectors.
Learn more by watching Affiliate interviews on YouTube, following us on LinkedIn, and by visiting https://www.aipartnershipscorp.com.
Forward-Looking Statements
Forward-Looking Statements This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, as described in more detail in our securities filings available at https://www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Realbotix Corp.
Andrew Kiguel, CEO
Email: mailto://contact@realbotix.ai
Jennifer Karkula, Head of Communications
Email: mailto://contact@realbotix.ai
Telephone: 647-578-7490
AI Partnerships Corp.
AIP Team
Email: mailto://info@aipartnershipscorp.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20241021814826/en/
molee
2月前
Realbotix Announces Normal Course Issuer Bid Program
LAS VEGAS--(BUSINESS WIRE)-- Realbotix Corp. ( XBOTF ) , a leading creator of humanoid robots and companionship-based AI, announces that the TSX Venture Exchange (“TSXV”) has accepted its notice to implement a normal course issuer bid (“NCIB”) to purchase, for cancellation, up to 9,797,779 of its common shares (“Shares”), or approximately 5% of the Company’s outstanding common shares, as at October 15, 2024. Realbotix ( XBOTF ) has appointed Kernaghan & Partners Ltd. to administer the NCIB on behalf of the Company.
Realbotix’s Board of Directors and management believe that the market price of the Company's Shares, from time to time, may not reflect the inherent value of the Company and purchases of Shares pursuant to the NCIB may represent an appropriate and desirable use of funds.
Purchase of the Shares may commence on November 1, 2024 and will expire on the earlier of October 31, 2025 or the date on which the Company has either acquired the maximum number of Shares allowable or otherwise decides not to make any further repurchases. Purchases of Realbotix’s Shares under the NCIB may be made through the facilities of the TSXV and alternative trading systems by means of open market transactions or by such other means as may be permitted by the Canadian Securities Administrators (the "CSA") and under applicable securities laws, including by private agreement pursuant to issuer bid exemption orders issued by applicable securities regulatory authorities.
The price the Company will pay for any Shares will be the market price at the time of purchase or such other price as may be permitted by the CSA. Any private purchase made under an exemption order issued by a securities regulatory authority will generally be at a discount to the prevailing market price. In connection with the NCIB, Realbotix ( XBOTF ) will enter into an automatic purchase plan ("Plan") with its designated broker to allow for purchases of its Shares during internal blackout periods. Such purchases would be at the discretion of the broker based on parameters established by the Company prior to any blackout period or any period when it is in possession of material undisclosed information.
Outside of these periods, the Shares will be repurchased in accordance with management's discretion, subject to applicable law. The Plan may be terminated by Realbotix ( XBOTF ) or its broker in accordance with its terms or will terminate on the expiry of the NCIB. As of October 15, 2024, the Company has 195,955,592 Shares issued and outstanding and a public float of 114,508,277. Realbotix ( XBOTF ) will not acquire, through the facilities of the TSXV and alternative trading systems, more than 57,685 Shares during a trading day (which is equal to 25% of 230,742 Shares, being the average daily trading volume on all exchanges for six calendar months prior to the date hereof), subject to certain exceptions for block purchases. The actual number of Shares that will be repurchased under the NCIB, and the timing of any such purchases, will be determined by Realbotix ( XBOTF ) on management's discretion, subject to applicable securities laws. There cannot be any assurances as to how many Shares, if any, will ultimately be acquired by the Company.
Paulness
3月前
NEWS -- Realbotix to Debut its Next Generation Robot at CES 2025
Realbotix to Debut its Next Generation Robot at CES 2025
Realbotix Corp. (TSX-V: XBOT | Frankfurt Stock Exchange: 76M | OTC: XBOTF) (“Realbotix” or the “Company”), a leading creator of humanoid robots and companionship-based AI, will debut its next-generation ultra-realistic humanoid robot on January 7th, 2025, the first day of the Consumer Electronics Show (CES) 2025.
CES is one of the largest and most influential technology expos in the world. The event is renowned for showcasing cutting-edge innovations across various industries, drawing over 170,000 attendees annually, including leaders in technology, media, and business from around the globe. The show takes place in Las Vegas, Nevada, between January 7th to 10th.
In addition to unveiling a new robot, Realbotix will also be showcasing “Aria”, its flagship robot and Brand Ambassador known for its advanced AI capabilities and human-like interactions. Aria will have new upgraded AI and language capabilities that will make her interactions with CES attendees memorable and impactful.
“We’re incredibly excited to debut our next-generation humanoid robot at CES 2025,” said Andrew Kiguel, CEO. ”This marks a significant milestone in our mission to blend advanced AI with lifelike design, creating meaningful connections between humans and technology. Aria has been a trailblazer, and we look forward to showcasing the future of companionship and interaction through our latest innovations.”
Realbotix invites all CES attendees to visit our booth to experience firsthand how Realbotix is shaping the future of robotics and human connection. Our team will be available for live demonstrations and discussions about how our technology is pushing the boundaries of AI-powered companionship and social interaction.
To learn more about Realbotix click here.
About Realbotix
Transcending the barrier between man and machine, Realbotix creates customizable, full-bodied, human-like robots with AI integration that improve the human experience through learning, connection and play. Manufactured in Nevada, USA, Realbotix has built a reputation for having the highest quality humanoid robots and the most realistic silicone skin technology on the market. Our target addressable markets are massive, most of them in the tens or hundreds of billions USD.
Our mission is to create robots and AI that are indistinguishable from humans in appearance and social interaction. Realbotix replicates the physical and emotional aspects of being human, in hardware and software. This versatility makes our robots and their personalities customizable and programmable to suit a wide variety of use cases.
Visit https://www.Realbotix.AI to learn more.
Keep up-to-date on Realbotix.AI developments and join our online communities on Twitter, LinkedIn, and YouTube.
Follow Aria, our digital avatar on Instagram and TikTok.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Realbotix Corp.
Andrew Kiguel, CEO
Email: mailto://contact@realbotix.ai
Jennifer Karkula, Head of Communications
Email: mailto://contact@realbotix.ai
Telephone: 647-578-7490
View source version on businesswire.com: https://www.businesswire.com/news/home/20240912059801/en/
Paulness
4月前
NEWS -- Realbotix Corp. to Release its Financial Results for Q3-2024 on August 28, 2024
TORONTO--(BUSINESS WIRE)--Realbotix Corp. (TSX-V: XBOT | Frankfurt Stock Exchange: 76M | OTC: XBOTF) (“Realbotix” or the “Company”), a leading creator of humanoid robotics and relationship-based AI, is pleased to share that it will release its financial results for the three and nine months ended June 30, 2024 (“Q3-2024”) on August 28, 2024.
An investor webinar hosted by CEO Andrew Kiguel on Zoom has been scheduled to discuss the Company’s Q3 2024 financial results starting at 1:00 pm ET on August 28, 2024.
Date: August 28, 2024
Time: 1:00 p.m. ET
Zoom Webinar Registration: https://us06web.zoom.us/webinar/register/WN_TjbW3o4WTr6xRrLkISqc-Q
To join the webinar, register using the link provided above. Upon registration a Zoom link will be emailed to the registered email address. The webinar will be available via computer, tablet, and smartphone devices. In addition, a dial-in phone number will be provided in the email upon registration. Callers dialing in using a telephone will automatically be placed in a listen only mode. The question period will not be available to dial-in callers.
About Realbotix
Transcending the barrier between man and machine, Realbotix creates customizable, full-bodied, human-like robots with AI integration that improve the human experience through learning, connection and play. Manufactured in Nevada, USA, Realbotix has built a reputation for having the highest quality humanoid robots and the most realistic silicone skin technology on the market. Our target addressable markets are massive, most of them in the tens or hundreds of billions USD.
Our mission is to create robots and AI that are indistinguishable from humans in appearance and social interaction. Realbotix replicates the physical and emotional aspects of being human, in hardware and software. This versatility makes our robots and their personalities customizable and programmable to suit a wide variety of use cases.
Visit https://Realbotix.AI to learn more.
Keep up-to-date on Realbotix.AI developments and join our online communities on Twitter, LinkedIn, and YouTube.
Follow Aria, our digital avatar on Instagram and TikTok.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts
Realbotix Corp.
Andrew Kiguel, CEO
Email: mailto://contact@realbotix.ai
Jennifer Karkula, Head of Communications
Email: mailto://contact@realbotix.ai
Telephone: 647-578-7490
Paulness
5月前
NEWS -- Realbotix Announces Strategic Partnership with Star Walk Partners
Realbotix Announces Strategic Partnership with Star Walk Partners
Realbotix Corp. (TSX-V: XBOT | Frankfurt Stock Exchange: 76M | OTC: XBOTF) (“Realbotix” or the “Company”), a leading creator of humanoid robotics and relationship-based AI, has acquired a strategic minority interest in Star Walk Partners LLC.
Star Walk is led by Gary Fuhrman, who has a long and distinguished track record of investing and providing assistance to middle market-branded consumer product and media companies. Gary is also the Chairman and CEO of GF Capital. Current and past investments of GF Capital include Tommy Hilfiger, Warner Music Group, Oscar de la Renta, Blue Man Group, 300 Entertainment, GF Sports, Jonathan Adler, and Airborne. As part of the acquisition, Star Walk will assist Realbotix with its product marketing and sales efforts, including expansion into new verticals.
“Our partnership with Star Walk is a pivotal step in our journey to revolutionize the field of humanoid robotics and AI,” said Andrew Kiguel, CEO of Realbotix. “We are confident that this collaboration will significantly enhance our operational strengths and accelerate our growth trajectory.”
“Next-generation, customizable robots with human-like appearance and movement integrated with AI is a large potential market spanning a number of key verticals including entertainment, healthcare, education, and other market segments” said Gary Fuhrman. “We are excited to work with Realbotix to help the company unlock its numerous growth opportunities.”
As consideration for the acquisition, Realbotix will issue to Star Walk an aggregate of 25 million warrants (the “Warrants”) to purchase common shares in the capital of the Company (the “Common Shares”), such Warrants exercisable at six (6) month intervals in seven (7) tranches (the “Tranches”) over a period of five (5) years, with an exercise price of: (a) US$0.15 per Common Share with respect to the issuance of the first 7,500,000 Warrants; and (b) US$0.20 per Common Share with respect to the issuance of the balance of the Warrants. Each Tranche of Warrants will be exercisable for a 24-month window from the date of their issue, subject to the exercise prices noted above. The exercise of the Warrants may result in Star Walk becoming an insider of the Company.
The Company will own a minority, non-controlling membership interest in Star Walk and has obtained conditional approval from the TSX Venture Exchange in connection with the transaction. Star Walk is an arm’s length party to the Company. No broker, agent or finder’s fee is payable in connection with the transaction.
To learn more about Realbotix, visit https://www.realbotix.ai.
About Realbotix
Realbotix creates customizable, human-like robots with AI integration that improve the human experience through learning, connection and play. Manufactured in Nevada, USA, we have built a reputation for having the highest quality humanoid robots and the most realistic silicone skin technology on the market.
We operate in a niche part of the massive robotics and AI sectors: Our robots provide companionship to humans. We achieve this through patented technologies that deliver human-like appearance and movements, and our proprietary companionship AI. In addition, our patented silicone skin technology has versatile uses within our robotic products and within healthcare markets such as prosthetics. We have thousands of customers across more than a hundred countries.
Visit https://Realbotix.AI to learn more.
Keep up-to-date on Realbotix.AI developments and join our online communities on Twitter, LinkedIn, and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Realbotix Corp.
Andrew Kiguel, CEO
Email: mailto://contact@realbotix.ai
Jennifer Karkula, Head of Communications
Email: mailto://contact@realbotix.ai
Telephone: 647-578-7490
View source version on businesswire.com: https://www.businesswire.com/news/home/20240710543310/en/
Paulness
6月前
NEWS -- Tokens.com to Rebrand as Realbotix
TORONTO, May 22, 2024--(BUSINESS WIRE)--Tokens.com Corp. (TSX-V: COIN | Frankfurt Stock Exchange: 76M | OTC: XBOTF) ("Tokens.com" or the "Company"), a leader in building realistic humanoid robots and companionship-based AI, has registered "Realbotix" as its business name and will propose a legal name change to Realbotix Corp. at its next annual general meeting ("AGM"), currently scheduled to be held on July 9, 2024.
In discussions with major shareholders comprising over 40% of the issued and outstanding shares, the management and board believe there to be widespread support for the rebrand and name change. Final approvals in connection with the name change will be sought at the AGM and in accordance with TSX Venture Exchange’s regulations.
In addition, the Company will change its Canadian ticker symbol on the TSX Venture Exchange to XBOT, effective May 24, 2024, pre-market open. The US ticker symbol on the OTCQB was changed to XBOTF on May 17, 2024. The Company's Frankfurt ticker symbol will remain 76M.
The name change to Realbotix was determined by management to more adequately reflect the Company's principal business operations and consolidate the brand under one banner. The Company will continue to manage its cryptocurrency inventory and expects to sell a portion or all of its cryptocurrency over time depending on the capital needs of the business and the market prices.
In preparation for such changes, the Company will be changing its corporate website to www.Realbotix.Ai. Further announcements regarding a new website launch are forthcoming. The Company will also use the www.Realbotix.com domain as its main customer site for the procurement and ordering of humanoid robots and integrated AI based services. Visitors to Tokens.com will be redirected to the new website once completed. In the meantime, regulatory filings will continue to be filed under Tokens.com Corp. on https://www.sedar.com until a final approval is tabled for a vote at the Company's AGM.
"Tokens.com has evolved through the years. Tokens.com reflects our roots in crypto, but now no longer adequately conveys our principal business operation," said Andrew Kiguel, CEO of Tokens.com. "With recent changes, our new name clearly identifies that we are in the business of creating relationship-based AI and realistic humanoid robots. Subject to approval by the shareholders at the AGM, the name change will also pave the way for the sale of the Tokens.com domain name, which we believe is one of the premier domain names in all of crypto. We are excited to continue to forge ahead in this new pathway and with a new identity which better reflects the Company’s recent evolution."
About Tokens.com
Tokens.com is a technology company focused on building ultra-realistic humanoid robotics and companionship-based AI. Tokens.com owns 100% of Simulacra Corp., 15.3% of StoryFire Inc., an inventory of cryptocurrencies and several crypto related domain names.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240522164903/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
Telephone: 647-578-7490
Paulness
6月前
NEWS -- Tokens.com to Change TSX-V Ticker Symbol to XBOT
TORONTO, May 21, 2024--(BUSINESS WIRE)--Tokens.com Corp. (TSX-V: COIN) (Frankfurt Stock Exchange: 76M) (OTCQB US: XBOTF) ("Tokens.com" or the "Company"), a technology company focused on building AI-integrated humanoid robots, will be changing its TSX Venture Exchange ticker symbol to XBOT, effective pre-market open on May 24, 2024.
The Company had previously announced a change to its OTCQB ticker to XBOTF, which became effective May 17, 2024. The Company's Frankfurt Exchange ticker symbol will remain unchanged as 76M.
"We are pleased to be changing our TSX-V ticker to XBOT to match our new OTC ticker, XBOTF. These tickers, along with our upcoming rebrand, will more accurately reflect our main business operations," said Andrew Kiguel, CEO of Tokens.com.
In addition, the Company has registered "Realbotix" as its business name and will propose a legal name change to Realbotix Corp. at its next annual general meeting ("AGM"), currently scheduled for July 9, 2024. In discussions with major shareholders comprising over 40% of the issued and outstanding shares, management and the board believe there is widespread support for the name change. Final approvals in connection with the name change will be sought at the AGM and in accordance with TSX Venture Exchange regulations.
The ticker symbol changes and the corporate name change to Realbotix were determined by management to more adequately reflect the Company's principal business operations and consolidate the brand under one banner.
About Tokens.com
Tokens.com is a technology company focused on building ultra-realistic humanoid robotics and companionship based AI. Tokens.com owns 100% of Simulacra Corp., 15.3% of StoryFire Inc., an inventory of cryptocurrencies and several crypto related domain names.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240521725963/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
Telephone: 647-578-7490
Paulness
7月前
NEWS -- Tokens.com to Change OTC Ticker Symbol to XBOTF
TORONTO, May 16, 2024--(BUSINESS WIRE)--Tokens.com Corp. (TSX-V: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB: XBOTF) ("Tokens.com" or the "Company"), a technology company focused on building AI-integrated humanoid robots, will be changing its US ticker symbol on the OTCQB Exchange to XBOTF effective pre-market open on May 17, 2024.
As part of this rebrand, the Company will be changing its Canadian ticker symbol on the TSX Venture Exchange to XBOT, effective May 24, 2024. The Company's Frankfurt ticker symbol will remain 76M.
In addition, the Company has registered "Realbotix" as its business name and will propose a legal name change to Realbotix Corp. at its next annual general meeting ("AGM"), currently scheduled to be held on July 9, 2024. In discussions with major shareholders comprising over 40% of the issued and outstanding shares, the management and board believe there to be widespread support for the name change.
About Tokens.com
Tokens.com is a technology company focused on building ultra-realistic humanoid robotics and companionship based AI. Tokens.com owns 100% of Simulacra Corp., 15.3% of StoryFire Inc., an inventory of cryptocurrencies and several crypto related domain names.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240516865397/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
Telephone: 647-578-7490
Paulness
7月前
NEWS -- Tokens.com Secures $1 Million Robot Supply Contract
TORONTO, May 14, 2024--(BUSINESS WIRE)--Tokens.com Corp. (TSX-V: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a technology company focused on building AI-integrated humanoid robots, is pleased to announce that its wholly-owned subsidiary, Realbotix, a leader in AI enabled robotics and animatronics, has signed a contract on April 30th, to supply a myriad of robotic characters for a new amusement park located on the West Coast of the United States with a minimum order size of $1 million.
Realbotix will provide both moving and static characters, spanning across eight captivating scenes within the theme park. These lifelike robots will serve as the heart and soul of the park, captivating visitors with their realism and engaging performances. The robots will be built using Realbotix’s proprietary modular robotic design system.
Realbotix will additionally provide design consultation for the amusement park. The project, with a starting budget of $1 million, is slated to unfold over the course of 12 to 18 months, with an emphasis on quality, innovation, and attention to detail. Realbotix is committed to pushing the boundaries of possibility, ensuring that each robotic character exceeds expectations and contributes to an unforgettable theme park experience.
"Realbotix’s goal is to revolutionize the landscape of entertainment through next-generation humanoid robotics that can interact with humans in realistic ways," said Matt McMullen, President of Tokens.com "We are excited to bring these visionary characters to life and are thrilled to embark on this groundbreaking venture with our partners".
Tokens.com is one of the only public companies that integrates the use of AI and robotics designed specifically for entertainment, education, and healthcare. To learn more visit https://www.tokens.com
About Tokens.com
Tokens.com is a technology company focused on building ultra-realistic humanoid robotics and companionship based AI. Tokens.com owns 100% of Simulacra Corp., 15.3% of StoryFire Inc., an inventory of cryptocurrencies and several crypto related domain names.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240514378646/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
Telephone: 647-578-7490
Paulness
7月前
NEWS -- Tokens.com Reports Financial Results for Q2 2024
TORONTO, May 09, 2024--(BUSINESS WIRE)--Tokens.com Corp. (TSX-V: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a technology company focused on building AI-integrated humanoid robots, is pleased to report its financial results for three and six months ended March 31, 2023 ("Q2-2024"). All dollar figures are in United States dollars ("USD"), unless otherwise stated.
Q2-2024 Financial and Operating Highlights
Revenue of $286k and $505k, respectively, for the three and six months ended March 31, 2024, compared to revenue of $303k and $455k, respectively, for the three and six months ended March 31, 2023 ("Q2-2023");$4.0 million and $6.6 million, gain on revaluation of digital assets - cryptocurrencies for the three and six months ended March 31, 2024;117% increase in the value of digital assets - cryptocurrencies to $12.6 million, since the end of September 2023;Net income of $3.8 million and $5.9 million for the three and six months ended March 31, 2024;Basic and diluted earnings per share of $0.03 and $0.05, respectively, for the three and six months ended March 31, 2024;55% reduction of operating expenses compared to the same quarter the prior year to $480k from $1.1 million; and25% reduction of operating expenses compared to the same 6-month period the prior year, from $1.8 million to $1.3 million.Conclusion of Strategic Review
On April 18th, 2024, Tokens.com’s management and board concluded its strategic review. Highlights include:
The Company’s key domain, Tokens.com, was placed for sale in January 2024 with an ask price of $8 million;The disposition of the assets of Metaverse Group and Hulk Labs to StoryFire Inc., on March 1, 2024, in exchange for a 15.3% equity interest in StoryFire Inc., and $500,000 in StoryFire Blaze tokens (priced at March 1);A move from the CBOE Exchange to the TSX Venture Exchange, effective on March 28, 2024; andThe acquisition of Simulacra Corporation ("Simulacra") on April 8, 2024. Simulacra operates three subsidiaries focused on the integration of AI and high quality, humanoid robots."In 2024, Tokens.com underwent substantial changes in the interest of enhancing shareholder value. Our focus going forward will be to grow our presence in the AI-enabled humanoid robot market. Our crypto inventory will be retained as required - thus far, we have not sold any of our crypto in 2024," said Andrew Kiguel, CEO of Tokens.com. "We are excited about the changes and are planning a rebrand and relaunch strategy to better reflect what we do in the coming weeks. Our goal is to get in front of as many investors as possible once in the coming months," added Kiguel.
A complete financial reporting package, including the Unaudited Condensed Consolidated Interim Financial Statements and Management’s Discussion & Analysis, is available on our corporate website (https://www.tokens.com), and the SEDAR+ website (https://www.sedarplus.ca).
An investor call has been scheduled to discuss the Company’s Q2-2024 financial results, hosted by CEO Andrew Kiguel, starting at 4:00 pm ET on May 9, 2024.
Conference Call Details:
Date: May 9th, 2024
Time: 4:00 pm ET
Zoom Webinar Registration:
https://us06web.zoom.us/webinar/register/WN__H9ESWIYQUSUbhOVTir7sQ
To join the webinar, register using the link provided above. Upon registration a Zoom link will be emailed to the registered email address. The webinar will be available via computer, tablet, and smartphone devices. In addition, a dial-in phone number will be provided in the email upon registration. Callers dialing in using a telephone will automatically be placed in a listen only mode. The question period will not be available to dial-in callers.
About Tokens.com
Tokens.com is a technology company focused on building ultra-realistic humanoid robotics and companionship based AI. Tokens.com owns 100% of Simulacra Corp., 15.3% of StoryFire Inc., an inventory of cryptocurrencies and several crypto related domain names.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240509724814/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
Paulness
7月前
NEWS -- Tokens.com to Release its Financial Results for Q2-2024 on May 9, 2024
TORONTO, May 06, 2024--(BUSINESS WIRE)--Tokens.com Corp. ("Tokens.com" or the "Company") (TSX-V: COIN) (Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF), a technology investment company focused on humanoid robotics and relationship-based AI, is pleased to share that it will release its financial results for the three and six months ended March 31, 2024 ("Q2-2024") on May 9, 2024.
An investor webinar hosted by CEO Andrew Kiguel on Zoom has been scheduled to discuss the Company’s Q2 2024 financial results starting at 4:00 pm ET on May 9th, 2024.
Date: May 9th, 2024
Time: 4:00 p.m. ET
Zoom Webinar Registration:
https://us06web.zoom.us/webinar/register/WN__H9ESWIYQUSUbhOVTir7sQ
To join the webinar, register using the link provided above. Upon registration a Zoom link will be emailed to the registered email address. The webinar will be available via computer, tablet, and smartphone devices. In addition, a dial-in phone number will be provided in the email upon registration. Callers dialing in using a telephone will automatically be placed in a listen only mode. The question period will not be available to dial-in callers.
About Tokens.com
Tokens.com is a technology company focused on building ultra-realistic humanoid robotics and companionship based AI. Tokens.com also owns 15.3% of StoryFire Inc., an inventory of cryptocurrencies and a collection of top ranked crypto related domain names.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, Facebook, Instagram and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "shall", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to the expected closing date of the Transaction and the projected impact of the acquisition of Simulacra on the Company’s business, financial conditions and results.
Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. Important factors that could cause actual results and financial conditions to differ materially from those indicated in the forward-looking statements include, among others: (a) the risk that the closing conditions for completion of the Transaction, including TSXV approval, are not satisfied; (b) risks relating to general economic, market and business conditions; and (c) unforeseen delays in the timelines for any of the transactions or events described in this press release.
We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933 (the "US Securities Act") or any states securities laws and may not be offered or sold within the United states or to US Persons (as defined in Regulation S under the US Securities Act) unless registered under the US Securities Act and applicable state securities laws or an exemption from such registration is available.
Neither TSXV nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240506953460/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
Telephone: 647-578-7490
Paulness
7月前
NEWS -- StoryFire, a Tokens.com Investment Company, Launches Token
TORONTO, May 01, 2024--(BUSINESS WIRE)--Tokens.com Corp. ("Tokens.com" or the "Company") (TSX-V: COIN) (Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF), a technology investment company, is pleased to announce that StoryFire Inc, 15.3% owned by Tokens.com, has successfully launched its BLAZE cryptocurrency token.
StoryFire successfully launched its BLAZE token on April 25th. The Blaze token is listed and trades on several exchanges including PancakeSwap and MEXC.
The BLAZE token has seen a strong initial response in the market, trading up over 55% from the initial listing price. As part of Tokens.com's sale of Metaverse Group (MVG) and Hulk Labs to StoryFire in March 2024, Tokens.com was provided US$500,000 of BLAZE tokens that hold a current value of approximately US$1.5 million. More information on the BLAZE token can be found here.
"As Tokens.com expands into the AI and robotics sectors, we are pleased to see our legacy investments succeeding. We congratulate our partners at StoryFire on the successful launch of their Blaze token. We support their endeavors and are excited to see the growth happening quickly on our investment in their business," said Andrew Kiguel, CEO of Tokens.com.
About Tokens.com
Tokens.com is a technology company focused on building ultra-realistic humanoid robotics and companionship based AI. Tokens.com also owns 15.3% of StoryFire Inc., an inventory of cryptocurrencies and a collection of top ranked crypto related domain names.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, Facebook, Instagram and YouTube.
About StoryFire
StoryFire is a private online social entertainment and gaming platform that empowers users to create and engage with immersive narratives. With a rapidly growing user base of 2.5 million, StoryFire offers a vibrant and creative community for storytellers and enthusiasts. StoryFire users create social posts akin to Twitter, gain a following and earn an in-app currency known as Blaze. StoryFire is a privately owned entity.
For more information visit https://storyfire.com/.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "shall", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to the expected closing date of the Transaction and the projected impact of the acquisition of Simulacra on the Company’s business, financial conditions and results.
Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. Important factors that could cause actual results and financial conditions to differ materially from those indicated in the forward-looking statements include, among others: (a) the risk that the closing conditions for completion of the Transaction, including TSXV approval, are not satisfied; (b) risks relating to general economic, market and business conditions; and (c) unforeseen delays in the timelines for any of the transactions or events described in this press release.
We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933 (the "US Securities Act") or any states securities laws and may not be offered or sold within the United states or to US Persons (as defined in Regulation S under the US Securities Act) unless registered under the US Securities Act and applicable state securities laws or an exemption from such registration is available.
Neither TSXV nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240501312733/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
Telephone: 647-578-7490
Paulness
7月前
NEWS -- Tokens.com Closes Acquisition of Simulacra Corporation
TORONTO, April 18, 2024--(BUSINESS WIRE)--Tokens.com Corp. ("Tokens.com" or the "Company") (TSX-V: COIN) (Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF), a technology investment company, has successfully closed its acquisition of all the issued and outstanding shares of Simulacra Corporation ("Simulacra").
Simulacra owns and operates three subsidiaries focused on the integration of artificial intelligence ("AI") and high quality, humanoid robots that improve the human experience through connection, learning and play. All amounts herein are expressed in U.S. dollars, unless otherwise stated.
Since 1997, Simulacra has been producing realistic silicone humanoid figures. In the last four years, Simulacra has generated revenues of $15.6 million (CAD$21.1 million) and Gross Profit of $12.1 million (CAD$16.3 million). The Transaction (as defined below) is expected to be revenue accretive to Tokens.com shareholders. More information on Simulacra can be found on their website here and an investor deck can be found here.
Utilizing its intellectual property and design expertise, Simulacra is positioned to expand beyond its current sectors of entertainment and marketing into other markets that benefit from high quality, natural looking, humanoid robots, and personalized AI systems, such as healthcare (elderly care, mental health) and education. Through their customized AI and realistic robots, Simulacra is positioned to be a leader in the newly emerging AI companionship market.
On the completion of the Transaction, Matt McMullen, the founder and CEO of Simulacra, will join Tokens.com as President and as a director. Mr. McMullen and Shrike Holdings Inc., another Simulacra shareholder, will also become new Insiders (as defined in policies of the TSX Venture Exchange (the "TSXV") of the Company.
"The completion of this Transaction marks another milestone in our journey at Tokens.com," said Andrew Kiguel, CEO of Tokens.com. "This acquisition diversifies our assets and business base. Going forward, we will be less reliant on the performance of crypto prices. This aligns with our vision of providing shareholders exposure to disruptive technologies that are defining the future and propelling us forward into new realms of innovation and possibility".
Transaction Consideration and Other Details
Tokens.com will issue 75 million common shares to Simulacra shareholders in consideration for the acquisition (the "Transaction"). This will equate to approximately 38% of outstanding common shares of Tokens.com on the completion of the transaction. The common shares issued to Simulacra shareholders will be escrowed for 12 months and then gradually released between months 12 to 24 following the closing date. Tokens.com will also grant an aggregate of 7,500,000 stock options in exchange for the cancellation of 567,101 stock options of Simulacra. The Tokens.com stock options will be granted at an exercise price of $0.15 per stock option and will expire on the 10th anniversary of the closing date of the Transaction.
In addition, Simulacra shareholders will have the opportunity to earn an additional 10 million Tokens.com shares if they achieve revenue targets of $8 million within any 12 month period during the first 24 months following the completion of the Transaction and an additional 10 million Tokens.com shares if they achieve revenues of $10 million with any 12 month period between months 24 and 48 following the closing date.
Subsequent to the closing of the Transaction, it is expected that Tokens.com will have a total of 195,995,592 common shares outstanding and 1,469,950 in-the-money options outstanding. The Company also has 1,902,540 deferred stock units (held 100% by directors on the board) and 9,777,289 warrants outstanding with an exercise price of CAD$1.15 that expire in November 2024.
Each of Simulacra and its shareholders are arm’s length parties to the Company. No broker, agent or finder’s fee is payable in connection with the Transaction.
Simulacra Subsidiaries
(i) Realbotix
Realbotix builds customized ultra-realistic robots that are AI-enabled. These robots look, talk, and move like humans. Invented for use in entertainment, companionship, healthcare, and education markets. For an example of Realbotix’s products, please see the link here.
(ii) Anthropomorphic Figure Dynamics ("AFD")
AFD is a unique division that caters to government and healthcare projects that require highly realistic humanoids. This would include previous contracts with the US military and John Hopkins hospital.
(iii) Abyss Creations
Abyss Creations builds companionship-based humanoid figures that have the ability to be integrated with AI features.
About Tokens.com
Tokens.com is a technology company focused on building ultra-realistic humanoid robotics and companionship based AI. Tokens.com also owns 15.3% of StoryFire Inc., an inventory of cryptocurrencies and a collection of top ranked crypto related domain names.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, Facebook, Instagram and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "shall", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to the expected closing date of the Transaction and the projected impact of the acquisition of Simulacra on the Company’s business, financial conditions and results.
Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. Important factors that could cause actual results and financial conditions to differ materially from those indicated in the forward-looking statements include, among others: (a) the risk that the closing conditions for completion of the Transaction, including TSXV approval, are not satisfied; (b) risks relating to general economic, market and business conditions; and (c) unforeseen delays in the timelines for any of the transactions or events described in this press release.
We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933 (the "US Securities Act") or any states securities laws and may not be offered or sold within the United states or to US Persons (as defined in Regulation S under the US Securities Act) unless registered under the US Securities Act and applicable state securities laws or an exemption from such registration is available.
Neither TSXV nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240418830174/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
Telephone: 647-578-7490
Paulness
8月前
NEWS -- Tokens.com to Acquire AI and Robotics Business
TORONTO, April 04, 2024--(BUSINESS WIRE)--Tokens.com Corp. ("Tokens.com" or the "Company") (TSX-V: COIN) (Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF), a technology investment company, has entered into a share purchase agreement dated April 4, 2024 (the "Share Purchase Agreement") to acquire all of the issued and outstanding shares of Simulacra Corporation ("Simulacra" or the "Target"), a Nevada-based technology company. Simulacra owns and operates three subsidiaries focused on the integration of artificial intelligence ("AI") and high quality, humanoid robots that improve the human experience through connection, learning and play. It is expected that the transaction will close on or about April 16, 2024. All amounts herein are expressed in U.S. dollars, unless otherwise stated.
Since 1997, Simulacra has been producing realistic silicone humanoid figures. In the last four years, Simulacra has generated revenues of $15.6 million (CAD$21.1 million) and Gross Profit of $12.1 million (CAD$16.3 million). The transaction is expected to be revenue accretive to Tokens.com shareholders. More information on Simulacra can be found on their website here and an investor deck can be found here.
Utilizing its intellectual property and design expertise, Simulacra is positioned to expand beyond its current sectors of entertainment and marketing into other markets that benefit from high quality, natural looking, humanoid robots, and personalized AI systems, such as healthcare (elderly care, mental health) and education. Through their customized AI and realistic robots, Simulacra is positioned to be a leader in the newly emerging AI companionship market.
"At Tokens.com, we have been at the forefront of Web3 and blockchain technologies over the last few years. Our move into AI and robotics is a natural extension of our scope. We are excited to enter this sector with industry leaders in the AI / robotics space," said Andrew Kiguel, CEO of Tokens.com.
On the completion of the transaction, Matt McMullen, the founder and CEO of Simulacra, will join Tokens.com as President and as a director. Mr. McMullen and Shrike Holdings Inc., another Simulacra shareholder, will also become new Insiders (as defined in policies of the TSX Venture Exchange (the "TSXV")) of the Company.
"We are on the cusp of a very exciting time, as humans and technology create new ways of interacting and connecting through AI and robotics," said Mr. McMullen. "As we explore this new frontier, we are eager to share these opportunities in the public markets. This transaction with Tokens.com will greatly accelerate our strategic growth and market penetration."
"While other tech companies are building robots to replace human workers in warehouses, Simulacra’s robotics serve the more immediate use case for AI and robotics: human connection, learning and play," said Mr. Kiguel. "While most AI tools available today are filtered for content and viewpoints, Simulacra’s AI technology enables humans and robots to foster genuine connection through unfiltered, human-like conversation. We see our robots used in homes, hospitals, and even in the c-suite. We even intend on using AI to assist in board governance."
Subsequent to the completion of this transaction, Tokens.com will provide investors with exposure to: (a) blockchain, via its cryptocurrency inventory; (b) social media, Web3 gaming and the metaverse, via its 15.3% ownership interest in StoryFire; and (c) AI and Robotics, via its 100% ownership of Simulacra.
"At Tokens.com, we invest in technologies that disrupt the norm and define the future. We have broken ground in the past through investments in metaverse real estate and crypto assets such as crypto-punks and Shiba-Inu. Our goal is to continue to tap into growth via unconventional opportunities that would be overlooked by other technology companies," said Kiguel.
Transaction Consideration and Other Details
Tokens.com will issue 75 million common shares to Simulacra shareholders in consideration for the acquisition. This will equate to approximately 38% of outstanding common shares of Tokens.com on the completion of the transaction. The common shares issued to Simulacra shareholders will be escrowed for 12 months and then gradually released between months 12 to 24 following the closing date. Tokens.com will also grant an aggregate of 7,500,000 stock options in exchange for the cancellation of 567,101 stock options of Simulacra.
In addition, Simulacra shareholders will have the opportunity to earn an additional 10 million Tokens.com shares if they achieve revenue targets of $8 million within any 12 month period during the first 24 months following the completion of the transaction and an additional 10 million Tokens.com shares if they achieve revenues of $10 million with any 12 month period between months 24 and 48 following the closing date.
Subsequent to the closing of the transaction, it is expected that Tokens.com will have a total of 195,995,592 common shares outstanding and 1,469,950 in-the-money options outstanding. The Company also has 1,902,540 deferred stock units (held 100% by directors on the board) and 9,777,289 warrants outstanding with an exercise price of CAD$1.15 that expire in November 2024.
The transaction is subject to customary closing conditions, including approval from the TSXV. Each of Simulacra and its shareholders are arm’s length parties to the Company. No broker, agent or finder’s fee is payable in connection with the transaction.
Simulacra Subsidiaries
(i) Realbotix
Realbotix builds customized ultra-realistic robots that are AI-enabled. These robots look, talk, and move like humans. Invented for use in entertainment, companionship, healthcare, and education markets. For an example of Realbotix’s products, please see the link here to meet Aria, one of Realbotix’s active robots.
(ii) Anthropomorphic Figure Dynamics ("AFD")
AFD is a unique division that caters to government and healthcare projects that require highly realistic humanoids. This would include previous contracts with the US military and John Hopkins hospital.
(iii) Abyss Creations
Abyss Creations builds companionship-based humanoid figures that have the ability to be integrated with AI features. Abyss is the creator of award-winning, realistic humanoid dolls.
Completion of Strategic Review
Subsequent to the completion of this transaction, Tokens.com will have completed its strategic review (which was announced in November 2023). Highlights of the changes made since announcing the strategic review include: (1) the disposition of non-profitable, early stage businesses in a manner that still provides shareholders with upside exposure to Web3 and metaverse growth; (2) a successful move to the TSXV to enhance liquidity and profile; (3) the contemplated expansion of the business into AI and Robotics, including the proposed revenue accretive acquisition of Simulacra and its subsidiaries; and (4) the listing for sale of the Company’s domain name, Tokens.com and certain other intellectual property, with a view to rebranding the organization in a manner that captures our evolving profile and business interests.
Humanoid Robotics Market
Simulacra is focused on the convergence of AI Software and Hardware to enable humanoid robotics. The robotics sector is estimated to exceed $24 trillion in revenue annually according to ARK Investment management. Goldman Sachs predicts the humanoid robot market is anticipated to be USD $13.8 billion by 2028 and US $38 billion by 2035. The growing use of technology in education is fueling the deployment of humanoid robots in schools and driving the market's growth for the education and entertainment application segment. By blending entertainment and functionality, humanoid robots are revolutionizing how we interact and engage with technology in various sectors.
Artificial Intelligence Market
According to MarketsandMarkets, the global AI market was valued at $150.2 billion in 2023 and is expected to grow at a CAGR of 36.8% from 2023 to 2030. AI is revolutionizing multiple industries, emerging as a key driver for the advancement of technologies such as big data analytics, robotics and the Internet of Things. The rise of AI tools highlight the sector's mainstream appeal. With its current trajectory, the AI industry is poised to be a powerful tool for technological innovation, propelling advancements in the near future.
Conference Call
A call will be held on April 8, 2024 at 4:00 p.m. EST with Andrew Kiguel and Matthew McMullen to discuss the transaction and to answer questions from investors and other interested parties.
Webinar information:
Date: April 8, 2024
Time: 4:00 pm ET
Zoom Registration: https://us06web.zoom.us/webinar/register/WN_Zg7g9iTPTja6PyiJ7ZvOcg
To join the webinar, register using the link provided above. Upon registration a Zoom link will be emailed to the registered email address. The webinar will be available via computer, tablet, and smartphone devices. In addition, a dial-in phone number will be provided in the email upon registration. Callers dialing in using a telephone will automatically be placed in a listen only mode. The question period will not be available to dial-in callers.
About Tokens.com
Tokens.com is a technology investment company that focuses on disruptive businesses that are defining the future. The Company’s assets provide shareholders with exposure to AI, Blockchain, Robotics and Web3. Tokens.com also owns an inventory of cryptocurrencies and a collection of top ranked crypto related domain names.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, Facebook, Instagram and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to the expected closing date of the transaction and the projected impact of the acquisition on the Company’s business, financial conditions and results.
Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at https://www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. Important factors that could cause actual results and financial conditions to differ materially from those indicated in the forward-looking statements include, among others: (a) the risk that the closing conditions for completion of the transaction, including TSXV approval, are not satisfied; (b) risks relating to general economic, market and business conditions; and (c) unforeseen delays in the timelines for any of the transactions or events described in this press release.
We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933 (the "US Securities Act") or any states securities laws and may not be offered or sold within the United states or to US Persons (as defined in Regulation S under the US Securities Act) unless registered under the US Securities Act and applicable state securities laws or an exemption from such registration is available.
Neither TSXV nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240404204177/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
Telephone: 647-578-7490
Paulness
8月前
NEWS -- Tokens.com Provides Crypto Inventory Update
TORONTO, April 02, 2024--(BUSINESS WIRE)--Tokens.com Corp. ("Tokens.com" or the "Company") (TSX-V: COIN) (Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF), a technology investment company, is pleased to share an update on its cryptocurrency holdings.
Below is a table showing our current crypto ownership and corresponding value as of noon EST on April 1, 2024. All dollar figures are in United States dollars ("USD"), unless otherwise stated.
The company may strategically sell or buy more tokens in the future depending on our capital needs and market conditions. We note that a portion of our assets (denoted in the table above) are held with Genesis Global Trading that is undergoing a restructuring. As a result, some or all of those holdings may not be recovered. Management is confident that it will be able to recover the majority of its assets from Genesis based on recent disclosure in 2024 from Genesis.
In addition to its cryptocurrency inventory, the Company holds approximately $2.4 million (CAD$3.2 million) in cash, a portfolio of valuable crypto domain names, and a 15.3% interest in StoryFire Inc.
Stay up to date with the latest news by signing up to our newsletter at https://www.tokens.com.
About Tokens.com
Tokens.com is a technology investment company that owns an inventory of cryptocurrency and a collection of top ranked crypto related domain names.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, Facebook, Instagram and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to the strategic review process and the work of the Committee; whether a strategic change, transaction or any outcome will result from or be consummated or implemented as a result of the strategic review process; and whether any transaction resulting from the strategic review process, if any, will ultimately enhance shareholder or stakeholder value in the long term.
Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240402629141/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
Telephone: 647-578-7490
Paulness
8月前
NEWS -- Tokens.com Announces Commencement of Trading on TSX Venture Exchange
TORONTO, March 28, 2024--(BUSINESS WIRE)--Tokens.com Corp. ("Tokens.com" or the "Company") (TSX-V: COIN) (Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF), a technology investment company, is pleased to announce that its common shares (the "Common Shares") and warrants (the "Warrants") will commence trading at the opening of markets today on the TSX Venture Exchange (the "TSXV").
Shareholders are not required to exchange their securities certificates or to take any other action in connection with such listing, as there will be no change to the trading symbol or CUSIP for the Common Shares and the Warrants. The Common Shares will continue to trade under the symbol "COIN" and the Warrants will continue to trade under the symbol "COIN.WT". The Common Shares will also continue to trade under the symbol "SMURF" on the OTCQB Markets in the United States and under the symbol "76M" on the Frankfurt Exchange.
About Tokens.com
Tokens.com is a technology investment company that owns an inventory of cryptocurrency and a collection of top ranked crypto related domain names.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, Facebook, Instagram and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to the strategic review process and the work of the Committee; whether a strategic change, transaction or any outcome will result from or be consummated or implemented as a result of the strategic review process; and whether any transaction resulting from the strategic review process, if any, will ultimately enhance shareholder or stakeholder value in the long term.
Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240328975403/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
mailto://contact@tokens.com
Paulness
8月前
NEWS -- Tokens.com Announces Conditional Approval to List on the TSX Venture Exchange
TORONTO, March 25, 2024--(BUSINESS WIRE)--Tokens.com Corp. ("Tokens.com" or the "Company") (Cboe Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF), a technology investment company, is pleased to announce that it has received conditional approval to list (the "Listing") its common shares (the "Common Shares") and warrants (the "Warrants") on the TSX Venture Exchange (the "TSXV"), subject to the satisfaction of certain customary listing requirements.
The Company intends to delist its Common Shares and Warrants from trading on Cboe Canada effective as of the close of trading on March 27, 2024. Subject to such delisting, the Common Shares and Warrants will commence trading on the TSXV as of the open of trading on March 28, 2024.
Shareholders are not required to exchange their securities certificates or to take any other action in connection with the Listing, as there will be no change to the trading symbol or CUSIP for the Common Shares and the Warrants. The Common Shares will continue to trade under the symbol "COIN" and the Warrants will continue to trade under the symbol "COIN.WT" upon the completion of the Listing on the TSXV. The Common Shares will also continue to trade under the symbol "SMURF" on the OTCQB Markets in the United States and under the symbol "76M" on the Frankfurt Exchange.
About Tokens.com
Tokens.com is a technology investment company that owns an inventory of cryptocurrency and a collection of top ranked crypto related domain names.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, Facebook, Instagram and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to the strategic review process and the work of the Committee; whether a strategic change, transaction or any outcome will result from or be consummated or implemented as a result of the strategic review process; and whether any transaction resulting from the strategic review process, if any, will ultimately enhance shareholder or stakeholder value in the long term.
Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240325499294/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
Paulness
9月前
NEWS -- Tokens.com Completes Sale of Assets to StoryFire
TORONTO, March 04, 2024--(BUSINESS WIRE)--Tokens.com Corp. (Cboe Canada: COIN) (Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a technology holding company that owns an inventory of cryptocurrencies, is pleased to announce that it has successfully closed the sale of Metaverse Group and Hulk Labs to StoryFire as scheduled on March 1, 2024.
The final agreement was closed with consideration to Tokens.com for the disposition consisting of a 15.3% equity interest in StoryFire, valued at US$3.5 million, plus US$500,000 in Blaze tokens, the in-app currency native to StoryFire. In addition, Tokens.com will be represented by Andrew Kiguel on the board of StoryFire.
"We are pleased with the successful completion of this sale, and look forward to the continued disruptive innovation and impact our new partners at StoryFire will bring to the web3 space," said Andrew Kiguel, CEO of Tokens.com.
StoryFire is a private online social entertainment and gaming platform that empowers users to create and engage with immersive narratives. With a rapidly growing user base of 2.5 million, StoryFire offers a vibrant and creative community for storytellers and enthusiasts. StoryFire users create social posts akin to Twitter, gain a following and earn an in-app currency known as Blaze. StoryFire is a privately owned entity.
About Tokens.com
Tokens.com is a technology holding company that also owns an inventory of cryptocurrency and a collection of top ranked crypto related domain names.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, Facebook, Instagram and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to the strategic review process and the work of the Committee; whether a strategic change, transaction or any outcome will result from or be consummated or implemented as a result of the strategic review process; and whether any transaction resulting from the strategic review process, if any, will ultimately enhance shareholder or stakeholder value in the long term.
Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240304232814/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
Paulness
9月前
NEWS -- Tokens.com Provides Crypto Inventory Update
TORONTO, February 29, 2024--(BUSINESS WIRE)--Tokens.com Corp. (Cboe Canada: COIN | Frankfurt Stock Exchange: 76M | OTCQB: SMURF) ("Tokens.com" or the "Company"), a technology holding company that owns an inventory of cryptocurrencies, is pleased to share an update on its cryptocurrency holdings.
Below is a table showing our current crypto ownership and corresponding value as of noon EST on February 28, 2024. All dollar figures are in United States dollars ("USD"), unless otherwise stated.
In addition to its cryptocurrency inventory below, the Company holds approximately $2.5 million (CAD$3.5 million) in cash, a portfolio of valuable crypto domain names, and subsequent to a closing date of March 1, 2024, a 15.3% interest in StoryFire Inc.
*340 Ethereum are held by Genesis Global Trading.
**18,001 Solana are held by Genesis Global Trading.
*** Subject to closing the sale of certain assets to StoryFire Inc. on March 1st, 2024.
**** Based on basic common shares outstanding as at February 28, 2024 of 119,761,592.
The company may strategically sell or buy more tokens in the future depending on our capital needs and market conditions. We note that a portion of our assets (denoted in the table above) are held with Genesis Global Trading that is undergoing a restructuring. As a result, some or all of those holdings may not be recovered. Management is confident, however, that it will be able to recover the majority of its assets from Genesis based on recent disclosure by Genesis. In addition, claims held by those with deposits at Genesis, such as Tokens.com, are selling in the open market for over 90% of their implied value.
About Tokens.com
Tokens.com is a technology holding company that owns an inventory of cryptocurrency and a collection of top ranked crypto related domain names.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, Facebook, Instagram and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to the strategic review process and the work of the Committee; whether a strategic change, transaction or any outcome will result from or be consummated or implemented as a result of the strategic review process; and whether any transaction resulting from the strategic review process, if any, will ultimately enhance shareholder or stakeholder value in the long term.
Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240229325527/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
Paulness
9月前
NEWS -- Tokens.com Management Team Acquires Common Shares in Open Market
TORONTO, February 28, 2024--(BUSINESS WIRE)--Tokens.com Corp. (Cboe Canada: COIN) (Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a technology holding company that owns an inventory of cryptocurrencies, is pleased to share that certain members of its senior management team have purchased an aggregate of 500,000 common shares on the open market, between February 22, 2024 and February 27, 2024.
Andrew Kiguel, CEO, acquired 300,000 common shares, bringing his total ownership of common shares to 15,965,000. Martin Bui, CFO, acquired 170,000 common shares, and Jennifer Karkula, Head of Communications, acquired 30,000 common shares.
"Management believes that the intrinsic value of the Tokens.com shares has been overlooked by the market. Management believes in the potential of our Company," said Andrew Kiguel, CEO of Tokens.com. "Our management team shares this conviction, evident in their decision to bolster their stake by purchasing additional common shares. We are excited by the near-term and long-term growth prospects of the Company."
In November 2023, Tokens.com commenced a strategic review, which, among other things, precipitated the recent sale by the Company of the assets comprising the Metaverse Group and Hulk Labs. The board of directors and the senior management team of the Company remain actively engaged in exploring several possible transactions with a view to propeling the business forward and enhancing shareholder value.
About Tokens.com
Tokens.com is a technology holding company that also owns an inventory of cryptocurrency and a collection of top ranked crypto related domain names.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, Facebook, Instagram and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to the strategic review process and the work of the Committee; whether a strategic change, transaction or any outcome will result from or be consummated or implemented as a result of the strategic review process; and whether any transaction resulting from the strategic review process, if any, will ultimately enhance shareholder or stakeholder value in the long term.
Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240228353475/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
Paulness
10月前
NEWS -- Tokens.com Reports Financial Results for Q1 2024
TORONTO, February 14, 2024--(BUSINESS WIRE)--Tokens.com Corp. (Cboe Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a technology holding company that owns an inventory of cryptocurrencies, is pleased to report its financial results for three months ended December 31, 2023 ("Q1-2024"). All dollar figures are in United States dollars ("USD"), unless otherwise stated.
Q1-2024 Financial and Operating Highlights
The Company achieved revenue of $219k for Q1-2024, compared to $152k for the three months ended December 31, 2022 ("Q1-2023").Total cash and cryptocurrency holdings of $11.3 million, or CAD$15.0 million as of December 31, 2023.Staking revenue was $165k for Q1-2024, compared to $40k for Q1-2023, mostly due to increase in crypto prices during the quarter and the Company starting to receive transaction fees for its Ethereum staking.Services revenue of $54k for Q1-2024, compared to $108k for Q1-2023, due to lower revenue from Metaverse Group and Hulk Labs.Operating expenses were $856k the three months ended December 31, 2023, compared to $718k for the three months ended December 31, 2022.A non-cash gain on revaluation of digital assets of $2.6 million for Q1-2024, compared to a loss of $1.3 million for Q1-2023. Gain on disposal of digital assets was $94k for the three months ended December 31, 2023, compared to a loss of $102k during the three months ended December 31, 2022.Net income and comprehensive income for Q1-2024, attributable to the owners of Tokens.com, of $2.1 million, compared to net loss and comprehensive loss of $1.6 million, attributable to the owners of Tokens.com, for Q1-2023.Earnings per share of $0.02 for Q1-2024, compared to loss per share of $0.02, for Q1-2023.On November 8, 2023, the Company announced that it had commenced a strategic review, which includes potential acquisitions, sales of its domain names and its operating businesses and digital assets.On January 29, 2024, the Company entered into a definitive agreement to sell the assets of Metaverse Group and Hulk Labs to StoryFire Inc. ("StoryFire"), which is primarily a transfer of its workforce and contractors. All capital within these entities will remain at Tokens.com. The transaction is expected to close on March 1, 2024."Difficult decisions were made in December and January regarding Metaverse Group and Hulk Labs. Management determined that the most economical option for shareholders was to dispose of Metaverse Group and Hulk Labs ," said Andrew Kiguel, CEO of Tokens.com.
"These businesses were struggling and required further substantial investment to survive. Capital for those businesses would have needed to come from a dilutive financing or from selling our crypto inventory. A better solution was found by selling the assets to StoryFire. This transaction places the assets in the hands of a larger, well capitalized platform. Tokens.com retains the upside through our equity ownership in StoryFire and no longer has to carry the overhead associated with these operations. Management and the board are continuing to explore additional potential transactions to enhance shareholder value," added Kiguel.
A complete financial reporting package, including the Unaudited Condensed Consolidated Interim Financial Statements and Management’s Discussion & Analysis, is available on our corporate website (https://www.tokens.com), and the SEDAR website (https://www.sedar.com).
An investor call has been scheduled to discuss the Company’s Q1-2024 financial results, hosted by CEO Andrew Kiguel, starting at 10:00 am ET on February 14, 2024.
Conference Call Details:
Date: February 14, 2024
Time: 10:00 a.m. ET
Zoom Webinar Registration: https://us06web.zoom.us/webinar/register/WN_vrXDoDmhReeMAok3_w78uw
To join the webinar, register using the link provided above. Upon registration a Zoom link will be emailed to the registered email address. The webinar will be available via computer, tablet, and smartphone devices. In addition, a dial-in phone number will be provided in the email upon registration. Callers dialing in using a telephone will automatically be placed in a listen only mode. The question period will not be available to dial-in callers.
About Tokens.com
Tokens.com is a technology holding company that owns an inventory of cryptocurrency, digital real estate, and a collection of top ranked crypto related domain names.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240214003146/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
Paulness
10月前
NEWS -- Tokens.com Provides Crypto Inventory Update
TORONTO, February 13, 2024--(BUSINESS WIRE)--Tokens.com Corp. (Cboe Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a technology holding company that owns an inventory of cryptocurrencies, is pleased to share an update on its cryptocurrency holdings.
Below is a table showing our current crypto ownership and corresponding value as of noon EST on February 12, 2024. All dollar figures are in United States dollars ("USD"), unless otherwise stated.
The company may strategically sell or buy more tokens in the future depending on our capital needs and market conditions. We note that a portion of our assets (denoted in the table above) are held with Genesis Global Trading that is undergoing a restructuring. As a result, some or all of those holdings may not be recovered. Management is confident, however, that it will be able to recover the majority of its assets from Genesis based on recent disclosure in 2024.
In addition to its cryptocurrency inventory, the Company holds approximately $3 million (CAD$4 million) in cash, a portfolio of valuable crypto domain names, and subsequent to a closing date of March 1, 2024, a 15.3% interest in StoryFire Inc.
About Tokens.com
Tokens.com is a technology holding company that also owns an inventory of cryptocurrency, digital real estate, and a collection of top ranked crypto related domain names.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, Facebook, Instagram and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to the strategic review process and the work of the Committee; whether a strategic change, transaction or any outcome will result from or be consummated or implemented as a result of the strategic review process; and whether any transaction resulting from the strategic review process, if any, will ultimately enhance shareholder or stakeholder value in the long term.
Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240213383930/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
Paulness
10月前
NEWS -- Tokens.com to Release its Q1-2024 Financial Statements on February 14, 2024
TORONTO, February 12, 2024--(BUSINESS WIRE)--Tokens.com Corp. (Cboe Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a web3 technology company that owns an inventory of cryptocurrencies, is pleased to share that it will release its Q1-2024 financial results for the three months ended December 31, 2023 ("Q1-2024") on February 14th, 2024.
An investor webinar hosted by CEO Andrew Kiguel on Zoom has been scheduled to discuss the Company’s Q1-2024 financial results starting at 10:00 am ET on February 14th, 2024.
Investor Webinar Details:
Date: February 14th, 2024.
Time: 10:00 a.m. ET
Zoom Webinar Registration: https://us06web.zoom.us/webinar/register/WN_vrXDoDmhReeMAok3_w78uw
To join the webinar, register using the link provided above. Upon registration a Zoom link will be emailed to the registered email address. The webinar will be available via computer, tablet, and smartphone devices. In addition, a dial-in phone number will be provided in the email upon registration. Callers dialing in using a telephone will automatically be placed in a listen only mode. The question period will not be available to dial-in callers.
About Tokens.com
Tokens.com is a web3 that also owns an inventory of cryptocurrency, digital real estate, and a collection of top ranked crypto related domain names.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, Facebook, Instagram and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to the strategic review process and the work of the Committee; whether a strategic change, transaction or any outcome will result from or be consummated or implemented as a result of the strategic review process; and whether any transaction resulting from the strategic review process, if any, will ultimately enhance shareholder or stakeholder value in the long term.
Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240212508553/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Telephone: +1-647-578-7490
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
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