Blockchain
Michael Novogratz Acquires Ordinary Shares of Galaxy Digital Holdings Ltd.
Michael Novogratz, Founder and CEO of Galaxy Digital Holdings Ltd. (TSXV: GLXY; Frankfurt: 7LX) (“Galaxy Digital” or the “Company“), today reported that he acquired 2,591,100 ordinary shares (the “Shares“) of the Company for total proceeds of C$6,218,640. The Shares represented approximately 0.92% of the issued and outstanding ordinary shares of the Company as of June 25, 2019 (the “Ordinary Shares“) (assuming conversion of the GDH B Units (defined below) held by Mr. Novogratz).
The acquisition of the Shares by Mr. Novogratz was completed on the TSX Venture Exchange pursuant to the “private agreement exemption” in Section 4.2 of National Instrument 62-104 – Take-Over Bids and Issuer Bids. Mr. Novogratz is entitled to rely on this exemption as: (a) purchases were made from not more than 5 persons in the aggregate; (b) the bid was not made generally to securityholders of the Ordinary Shares; and (c) the consideration paid for the Ordinary Shares is not greater than 115% of the market price of such securities. This acquisition will be reported on the System for Electronic Disclosure by Insiders (SEDI) and took place on June 26, 2019 at a price of C$2.40 per Share.
Prior to the acquisition of the Shares, Mr. Novogratz beneficially owned 213,696,000 Class B limited partnership units (“GDH B Units“) of Galaxy Digital Holdings LP (“GDH LP“) and 7,500,768 Ordinary Shares, which represented approximately 78.82% of the issued and outstanding Ordinary Shares on June 25, 2019 (assuming conversion of the GDH B Units held by Mr. Novogratz). Each GDH B Unit is, pursuant to the terms of the GDH LP Third Amended and Restated Limited Partnership Agreement, and subject to certain limitations, exchangeable for Ordinary Shares on a one-for-one basis subject to customary adjustments for stock splits, stock dividends and reclassifications and other similar transactions. Following the acquisition of the Shares, Mr. Novogratz owns and controls, directly or indirectly, on a fully converted basis, 223,787,868 Ordinary Shares, representing approximately 79.75% of the issued and outstanding Ordinary Shares on June 25, 2019 (assuming conversion of the GDH B Units held by Mr. Novogratz).
Michael Novogratz acquired the Shares for investment purposes. Mr. Novogratz may from time to time acquire additional securities, dispose of some or all of the existing or additional securities or may continue to hold the securities of the Company. For further information, please see the Company’s profile on SEDAR at www.sedar.com.
The Company’s headquarters is located at 107 Grand Street, New York, New York, 10013, USA.
SOURCE Galaxy Digital Holdings Ltd.
Blockchain
Revolutionizing Fintech: 6G Digital & Rune Nilsson’s FlexM Global in a Bold $12.5M Deal Shaking the Banking Industry
Blockchain
Teletubbies Digital Companions to Launch on the Tezos Blockchain
MetaPals, an AI digital companion platform, is partnering with WildBrain’s beloved Teletubbies to bring together cherished childhood memories and the innovative digital era with the launch of the Teletubbies AI digital companions on 20 April, 2024.
As Teletubbies commemorates its 27th anniversary on 31 March, the collaboration marks the beginning of an exciting array of renowned IPs joining the ‘MetaPals Multiverse’ in 2024. Through the use of AI and blockchain technology powered by Tezos, much loved Tinky Winky, Dipsy, Laa-Laa, Po, and even Noo-Noo have become personalized, evolving digital companions within the MetaPals browser extension game engine.
The Teletubbies characters integrate with users’ daily browsing experience that accompanies users across the web, offering both playful interactions and practical assistance. This technology not only brings these fun characters to life in new, interactive ways, but also helps to enhance the mental well-being of users by fostering a sense of companionship.
Each Teletubbies companion within the MetaPals Multiverse will exhibit unique personality traits, offering users a diverse and dynamic experience. With personalities distributed across 5000+ Teletubby companions along a spectrum, users are guaranteed a one-of-a-kind experience, ensuring enjoyment for all and opportunities to foster new connections with this nostalgic brand.
Max Giammario, CEO of MetaPals, said: “Through this collaboration we’re not just revisiting Teletubbyland, we’re reinventing it for the digital age. By weaving in AI and blockchain, we enable the Teletubbies characters to evolve, interact, and form unique bonds with users, embodying our vision of dynamic digital companionship. With a bit of ‘MetaPals magic’, the Teletubbies are exploring beyond the hills and far away, ready to play, in ways we’ve never imagined.”
Melissa Goodrich, Director, Franchise Strategy at WildBrain, said: “We’re excited to see our colorful quartet come to life in new ways through this unique digital experience for fans. As we celebrate 27 years of the perennially popular Teletubbies franchise, this latest collaboration encapsulates the essence of childhood nostalgia while embracing the limitless possibilities of the digital age.”
Jason Lim, TZ Apac Games Adoption Team for the Tezos Ecosystem, said: “MetaPals will be pioneering the convergence of iconic IPs such as Teletubbies with the limitless possibilities of the Tezos blockchain. I can’t wait to see the magic they are brewing up next.”
The post Teletubbies Digital Companions to Launch on the Tezos Blockchain appeared first on HIPTHER Alerts.
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