LXCCoin Ltd. entered into a non-binding letter of intent agreement to acquire NXChain Inc. (OTCPK:NXCN) from Havanti AS, Eudora Partners LLC, and other sellers in a reverse merger transaction on March 10, 2016. LXCC will be merged with NXCN, which will remain the surviving entity, and that LXCC's shareholders will own approximately 90% of the post-merged fully-diluted shares of NXCN. Completion of the merger is contingent upon certain closing conditions, including customary due diligence considerations, the negotiation, execution and delivery of a merger agreement by the parties, and Board and stockholder approval.
1st Jan change | Capi. | |
---|---|---|
-18.89% | 180B | |
+1.02% | 166B | |
+3.30% | 155B | |
+4.75% | 99.3B | |
+51.78% | 93.8B | |
+14.73% | 84.11B | |
-3.50% | 73.81B | |
-2.39% | 46.39B | |
-35.52% | 42.58B |