Cypherpunk Holdings Announces Consulting Agreement and Issuance of Stock Options
Rhea-AI Summary
Cypherpunk Holdings Inc. (CSE: HODL) (OTC Pink: CYFRF) has entered into an investor relations agreement with Proconsul Capital The agreement, effective until October 30, 2024, involves Proconsul providing strategic communication services for a monthly fee of $7,000 plus HST. As part of the agreement, Cypherpunk has issued stock options to Proconsul for 100,000 common shares at $0.145 per share, exercisable until September 11, 2026. Additionally, Cypherpunk has granted stock options for 49,971 common shares to newly appointed director Ungad Chadda at the same price, expiring on September 10, 2029. Both option grants were made under the company's stock option plan approved by shareholders on July 30, 2024.
Positive
- Engagement of Proconsul Capital for strategic communication services, potentially improving investor relations
- Issuance of stock options to align interests of consultants and directors with shareholders
Negative
- Additional monthly expense of $7,000 plus HST for investor relations services
- Potential dilution of existing shareholders due to issuance of stock options
News Market Reaction – CYFRF
On the day this news was published, CYFRF gained 8.11%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Toronto, Ontario--(Newsfile Corp. - September 11, 2024) - Cypherpunk Holdings Inc. (CSE: HODL) (OTC Pink: CYFRF) ("Cypherpunk" or the "Company"), a Canadian-based company dedicated to investing in companies, technologies, and protocols within the blockchain ecosystem, announces it has that it has entered into an investor relations agreement (the "Agreement") dated September 11, 2024 with Proconsul Capital Ltd. ("Proconsul"), an arm's length party to the Company. Pursuant to the Agreement, Proconsul has agreed to provide strategic communication services to the Company, in consideration for a fee of
The Consultant Options are exercisable to purchase 100,000 common shares (each, a "Common Share") in the capital of the Company at a price of
The Company has also granted stock options (the "Options") to purchase 49,971 Common Shares in the capital of the Company to Ungad Chadda in connection with his previously announced appointment as a director of the Company at a price of
About Cypherpunk
Cypherpunk is dedicated to investing in companies, cryptocurrencies, technologies, and protocols within the blockchain ecosystem. With a strategic focus on cryptocurrency and blockchain innovation, the Company leverages its extensive industry expertise to identify and support high-potential opportunities in the digital asset space.
Cautionary Note Regarding Forward-Looking Information:
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains "forward-looking information" within the meaning of applicable securities laws. Generally, any statements that are not historical facts may contain forward-looking information, and forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or indicates that certain actions, events or results "may", "could", "would", "might" or "will be" taken, "occur" or "be achieved".
Forward-looking statements made in this news release include, but are not limited to, statements regarding the appointment of a new director to the Company's Board of Directors and associated benefits, and the Company's plans to execute its strategies and goals. There is no assurance that the Company's plans or objectives will be implemented as set out herein, or at all. Forward-looking information is based on certain factors and assumptions the Company believes to be reasonable at the time such statements are made and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such forward-looking information.
There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by law. Investors are cautioned against attributing undue certainty to forward-looking statements.
Officer/Director Contact:
Doug Harris
Chief Financial Officer
doug@cypherpunkholdings.com
Tel: 416-480-2488
SOURCE: Cypherpunk
Media contact: cypherpunk@mgroupsc.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/223047
FAQ
What is the stock price for Cypherpunk Holdings (CYFRF) stock options issued on September 11, 2024?
How many stock options did Cypherpunk Holdings (CYFRF) grant to Proconsul Capital ?
When do the stock options granted to Proconsul Capital by Cypherpunk Holdings (CYFRF) expire?
What is the monthly fee Cypherpunk Holdings (CYFRF) will pay Proconsul Capital for their services?
