Quick take:



<ul>
<li>Tokens.com has completed the acquisition of Metaverse Group.</li>



<li>The digital assets investment company purchased the remaining minority interest with about $928,225 worth of Tokens.com shares.</li>



<li>The transaction also included 3,105,650 options to purchase Tokens.com shares and 694,000 restricted stock units issued as replacement securities.</li>
</ul>



Tokens.com has announced the complete purchase of Metaverse Group. The digital assets investment company previously held a majority stake in <a href="https://www.nftgators.com/what-is-the-metaverse/">the Metaverse</a> gaming solutions provider.



According to the announcement on Monday, Tokens.com has issued 20,576,941 common shares to the minority Metaverse Group, shareholders, as consideration, which can be exchanged at a rate of 0.347 per share of Tokens.com stock. Tokens.com shares traded at about $0.13 (CAD$0.17) on Monday, implying a valuation of about $928,225 for the minority stake.



The transaction also included 3,105,650 options to purchase Tokens.com shares and 694,000 restricted stock units issued as replacement securities to certain security holders.&nbsp;



The Tokens.com shares issued to Metaverse Group shareholders will be subject to a 9-month escrow period, during which the shares will be held by a third party until certain provisions of the purchase have been met.



Tokens.com is building a metaverse gaming infrastructure powered by its two main products, Metaverse Group &#8211; the metaverse platform featuring <a href="https://www.nftgators.com/what-is-an-nft/">NFTs</a> and custom tech solutions for building 3D worlds and Hulk Labs &#8211; a <a href="https://www.nftgators.com/what-is-a-blockchain-game/">web3 gaming</a> studio.



The full acquisition of Metaverse Group will allow Tokens.com to integrate the companies unlocking more technological synergies.



Commenting on the acquisition, Tokens.com CEO Andrew Kiguel <a href="https://www.businesswire.com/news/home/20230605005137/en/Tokens.com-Completes-Acquisition-of-Metaverse-Group" target="_blank" rel="noreferrer noopener">said</a>: “The staking business has provided a strong cushion of capital for our business since inception. As the Company grows, we need to evaluate where we can achieve the highest risk-adjusted returns.&#8221; 



&#8220;With token values peaking in 2021 and staking rewards declining for large-cap tokens, we are evaluating the most strategic and rewarding ways to use the digital assets on behalf of shareholders,” added Kiguel.



****



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The post <a rel="nofollow" href="https://www.nftgators.com/tokens-com-takes-full-ownership-of-metaverse-group-with-nearly-1m-in-stock/">Tokens.com Takes Full Ownership of Metaverse Group with Nearly $1M in Stock</a> appeared first on <a rel="nofollow" href="https://www.nftgators.com">NFTgators </a>.

Tokens.com Takes Full Ownership of Metaverse Group with Nearly $1M in Stock

NFTgators

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