Whitsmoke: Raised investors and enters the blockchain field – the capital market

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Company


Whitsmoke
+ 9.19%




Whitsmoke


Base:228.6

opening:235

Tall:250

low:215

change:4,207,247

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Reports agreements with investors in the amount of NIS 8.7 million for the issuance of shares and options for raising funds for new activities in the blockchain field. At the same time, Yariv Gilat will invest NIS 1.8 million in the company, will be appointed chairman of the company’s board of directors and will lead the company’s entry into and activity in the new field, which includes nostro and algo trading investments, venture capital investments in blockchain technologies and digital asset management. And will invest NIS 1.46 million in it.

At the same time, the company will issue to both employees-investors unlisted options to purchase ordinary shares of the company. The exercise of the options by them will be subject to a number of conditions, including whether the company presents an annual EBITDA of USD 5 million or more. An additional portion of the options will mature if the company’s market value, according to the company’s share price, is at least $ 100 million. For a period of at least seven consecutive trading days.

In addition, the company has signed agreements with a number of investors, individuals and companies, including the hedge fund “Sifra” and blockchain investors such as Shai Mohaban, Guy Ben-Artzi, Galia Ben-Artzi and Eyal Ben-Artzi of Bancor. a million shekels. In addition, Eli Zamir will invest NIS 650,000 in the company.

The Whitesmoke share completed a jump of about 240% from the beginning of the month and reached a market value of about NIS 90 million.

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