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Wpcs International Inc announces acquisition of new line of business


Tuesday, 17 Dec 2013 05:30pm EST 

Wpcs International Inc:Enters into various agreements to acquire BTX Trader LLC (BTX), an early stage technology company currently engaged in the development of a trading platform for the emerging bitcoin industry.Says the BTX acquisition is expected to add a new line of business to the company's existing operations.Says to acquire BTX, it entered into a securities purchase agreement with certain investors in which WPCS sold 2,348 shares of a newly designated Series E Preferred Stock and warrants to purchase up to 1,500,000 shares of its common stock, for 100 pct of the membership interests of BTX.Says each share of preferred stock has a stated value of $1,000 and is convertible into shares of its common stock equal to the stated value (and all accrued but unpaid dividends) divided by the conversion price of $3.50 per share. 

Company Quote

0.3333
-0.0077 -2.26%
19 Dec 2014