Dynamite Blockchain closes acquisition of mPWR tokens

Executive Summary

• Dynamite Blockchain Corp. completed its asset purchase agreement, acquiring 10 million mPWR utility tokens.
• Consideration consisted of 5 million common shares (valued at $0.075 per share) and a cash payment of $50,000, for an implied total valuation of $425,000.
• The acquired tokens are subject to vesting until March 1 2026, followed by a 36‑month linear distribution schedule; the issued shares carry resale restrictions that expire 4 months + 1 day after issuance.

Key Details

• Acquisition target: 10 million mPWR utility tokens from arm’s‑length vendors.
• Consideration paid:
• 5 million Dynamite common shares issued at a deemed price of $0.075 per share (total equity consideration ≈ $375,000).
• Cash payment of $50,000.
• Implied total transaction value: $425,000.
• Token vesting & distribution: Tokens vest in full by March 1 2026; thereafter they are released linearly over a 36‑month period.
• Share resale restrictions: The newly issued shares may not be resold until four months and one day after issuance.
• Strategic rationale: Acquisition aligns with Dynamite’s “holdings” division strategy to accumulate high‑utility digital assets that can be monetized through the company’s broader blockchain ecosystem.

Notable Quotes

"The mPWR acquisition builds on our strategy of selectively accumulating high-utility digital assets," – Akshay Sood, Chief Executive Officer, Dynamite Blockchain Corp.