Autris, a Panamanian Bitcoin treasury firm, has completed the acquisition of BitCorp Capital, securing 100% of its shares. This strategic move aims to bolster Autris's Bitcoin reserve strategy. As part of the acquisition, Autris will issue 30 million Earn-Out shares to the sellers, contingent on the combined entity's performance metrics, including net assets and capital increases.
In addition to the acquisition, Autris has announced plans to raise up to $30 million from accredited investors. This funding initiative is expected to further enhance the company's financial capabilities and support its expanded Bitcoin treasury strategy.
Autris Acquires BitCorp Capital, Plans $30 Million Fundraising
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.