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Quantum Blockchain Technologies Ltd.: Quantum Announces Extension to Proposed Transaction with Ocumetics Technology Corp.
Quantum ) is announces that it has entered into an agreement (the
Amendment ) to extend the deadline for the completion of the proposed business combination (the
Transaction ) contemplated by the non-binding letter of intent dated July 25, 2020 with Ocumetics Technology Corp. (
Ocumetics ) from December 15, 2020 to April 15, 2021.
As previously stated in Quantum s press release dated July 27, 2020, the Transaction is expected to require the security holders of Ocumetics to exchange all securities of Ocumetics for common shares of Quantum on the basis of three common shares in the share capital of Quantum for each share of Ocumetics (regardless of class) issued and outstanding at the time of the completion of the Proposed Transaction. Each warrant that is issued and outstanding in the capital of Ocumetics will be exchanged for three warrants of Quantum h