Helix TCS, Inc. (OTCPK:HLIX) entered into agreement to acquire Green Tree International, Inc. from Amercanex Corporation for $15 million on February 5, 2019. Under the terms of the transaction, all outstanding shares of Green Tree will be automatically converted into the right to receive the number of shares of Helix TCS's common stock equal to $15 million divided by the average closing price of the Helix TCS's common stock over the 45 trading day period ending 3 trading days prior to the effective time provided, however, that 30% of the shares to be issued as part of the Closing Consideration will be deposited with an escrow agent to be released 12 months from the effective time. The merger agreement also provides that Helix TCS will issue common stock to the Green Tree shareholders in an amount valued at $5 million contingent on the revenues of Green Tree in the second 12 month period following the effective time being at least $10 million and will pay additional consideration to the Green Tree shareholders an amount equal to 37.5% of the consideration actually received by Helix TCS for the sale of the seats on the ACExchange on or before the third anniversary of the closing. The closing is neither subject to a financing condition nor to the approval of the Helix TCS shareholders. Green Tree has agreed to hold a shareholder meeting as soon as reasonably practicable to consider and vote upon the merger, or to obtain the necessary shareholder consent in lieu of holding a meeting. The Board of Directors of the Helix TCS have unanimously approved the transaction. The transaction is expected to close during the second quarter of 2019. As of August 14, 2019, the merger is expected to close during the third quarter of 2019. W. David Mannheim of Nelson Mullins Riley & Scarborough LLP acted as legal advisor to Helix TCS and John Cacomanolis of Legal & Compliance, LLC acted as legal advisor to Green Tree International. Helix TCS, Inc. (OTCPK:HLIX) completed the acquisition of Green Tree International, Inc. from Amercanex Corporation on September 10, 2019.