On January 25, 2018, CryptoGlobal Corp. (the “Resulting Issuer”), formerly Apolo Acquisition Corp., announced the completion of Apolo’s qualifying transaction with CryptoGlobal Inc. and concurrent listing on the TSX Venture Exchange as one of Canada’s first publicly listed cryptocurrency mining issuers. CryptoGlobal is now a wholly-owned subsidiary of the Resulting Issuer. As part of the qualifying transaction, Apolo changed its name to “CryptoGlobal Corp.” and consolidated its common shares on a 3.938:1 basis.
Prior to, and in connection with, the qualifying transaction, CryptoGlobal completed two related financings, including: (i) a non-brokered private placement for aggregate gross proceeds of US$12 million completed on October 26 and 30, 2017; and (ii) a brokered financing led by Canaccord Genuity Corp. and including PI Financial Corp. for aggregate gross proceeds of C$10.2 million completed on December 1, 2017.
Cassels acted for CryptoGlobal with a team comprised of Jay Goldman, Jennifer Campbell, Lindsay Clements, David Gardos and Matt Gold (Securities and Emerging Companies & Technology).