“The domain sale not only delivers returns for Kogan shareholders but also provides
an opportunity to benefit from Bitbuy’s future success in the crypto business abroad
and potentially in the Australian market.”
Relevant details of the agreement are as follows:
● Kogan will transfer to First Ledger the domain: bitbuy.com (“Domain”)
● Kogan will provide advertising services to Bitbuy in connection with their future launch in Australia
● Upon transfer of the Domain, Kogan will receive:
○ USD$1.5m in cash; and
○ a warrant entitling Kogan to approximately CAD$2.8m in either equity in First Ledger or cash upon exercise of the warrant which will occur within one year after the transfer of the Domain.
Kogan taking a position in the crypto market ... Mr Market might like this ...
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