Vogogo completes purchase of cryptocurrency company
On March 13, 2018, Vogogo Inc. ("Vogogo") announced that it entered into a share purchase agreement providing for the acquisition of all of the issued and outstanding shares of Crypto 205 Inc. ("Crypto 205"). Pursuant to the agreement, Vogogo will acquire all of the issued and outstanding shares of Crypto 205 from its current shareholders in exchange for an aggregate of 130,000,000 non-voting, convertible series 1 preferred shares in the capital of Vogogo.
The closing of the acquisition was announced on April 3, 2018. Crypto 205 is now a wholly-owned subsidiary of Vogogo.
Further information can be found on Globe Newswire's website.
Crypto 205 is a privately held company engaged in the business of mining for cryptocurrencies for its own account, as a service for third party customers and within mining pools, together with corresponding support services.
Vogogo has provided web-based payment processing and related transaction risk services with a focus on cryptocurrency transactions since 2013.