From TokenPost · · 40s
nDatalyze Terminates Prism Reverse Takeover
nDatalyze ends proposed reverse takeover with Prism after Oct. 31 deadline passes.
In brief
nDatalyze ends proposed reverse takeover with Prism after Oct. 31 deadline passes. nDatalyze Corp. terminated its proposed reverse takeover with Prism Diversified Ltd. after failing to close by Oct. 31. Originally reported by TokenPost.
Termination of Reverse Takeover
nDatalyze Corp. terminated its proposed reverse takeover with Prism Diversified Ltd. after failing to close by Oct. 31.
Escrow Conditions Unmet
The agreement was dated May 15 and amended Sept. 1; the parties did not agree to extend it.
Shareholder Impact
Shareholders approved a spinout and name change at an Oct. 2 special meeting, but both steps depend on the proposed takeover and will not proceed.
Here's the gist
nDatalyze Corp. terminated its proposed reverse takeover with Prism Diversified Ltd. after failing to close by Oct. 31.
