On April 18, 2024, Tokens.com Corp., a TSXV-listed technology investment company, completed a series of transactions which culminated in the purchase of all of the issued and outstanding shares of Simulacra Corporation, a Nevada-based technology company focused on the integration of artificial intelligence and humanoid robotics.
The purchase price for the acquisition was $16.7 million and was satisfied by way of the issuance of common shares of Tokens.com. The transaction also included an earn-out component in favour of the former Simulacra shareholders.
Cassels acted for Tokens.com.