Dynamite Blockchain closes acquisition of Kasya tokens

Executive Summary

• Dynamite Blockchain Corp. completed the acquisition of 150 million Kasya utility tokens in exchange for 6.3 million common shares (valued at $472,500).
• The transaction increases Dynamite’s net asset value, as the market price of Kasya rose from ~0.23 ¢ to 0.25 ¢ per token on the closing date.
• Consideration shares are subject to resale restrictions that expire 4 months + 1 day after issuance.

Key Details

• Acquisition Structure: Asset purchase agreement dated Oct. 2, 2025; acquisition of 150 million Kasya tokens from an arm‑length vendor.
• Consideration: 6.3 million Dynamite common shares issued at a deemed price of $0.075 per share, representing a total deemed valuation of $472,500 for the token package.
• Token Valuation: Market price during negotiation ≈ 0.23 U.S. cent/token; price on closing date = 0.25 U.S. cent/token, providing an immediate uplift to corporate net asset value.
• Vesting & Restrictions: Acquired Kasya tokens are fully vested at close. Consideration shares carry resale restrictions that lift four months and one day after issuance.
• Strategic Rationale (CEO Quote): “The Kasya acquisition reinforces our commitment to building a comprehensive Kaspa ecosystem.” – Akshay Sood, CEO.

Notable Quotes

“Kasya is more than a token — it's a cornerstone of Kaspa's AI‑powered payments layer that brings natural‑language interaction to decentralized finance, aligning perfectly with our strategy to own high‑utility assets,” – Akshay Sood, Chief Executive Officer.