On September 24, 2021, Immutable Holdings Inc. completed a reverse takeover of Bexar Ventures Inc. pursuant to a business combination agreement. Immutable is a blockchain holding company with a goal of delivering the value of digital assets to investors.
In connection with the reverse takeover transaction, Immutable completed a financing of subscription receipts for gross proceeds of approximately $6.7 million through a special purpose financial vehicle.
The subordinate voting shares of Immutable began trading on the NEO Exchange on September 28, 2021 under the symbol “HOLD”.
Cassels acted for Immutable.