April 3 (Reuters) - CryptoGlobal Corp:
* TRANSACTION HAS BEEN UNANIMOUSLY APPROVED BY BOARD OF DIRECTORS OF EACH OF CRYPTOGLOBAL AND HYPERBLOCK
* ‍HYPERBLOCK WILL BUY ALL OF ISSUED & OUTSTANDING SHARES OF CRYPTOGLOBAL BY ISSUING 0.4229 OF A SHARE OF HYPERBLOCK FOR EACH CRYPTOGLOBAL SHARE​
* ‍DEAL IS VALUING EACH CRYPTOGLOBAL COMMON SHARE AT $0.74​
* IMPLIED VALUE OF CRYPTOGLOBAL’S EQUITY UNDER TRANSACTION IS APPROXIMATELY $106 MILLION.
* TRANSACTION IS EXPECTED TO BE ACCRETIVE TO HYPERBLOCK’S CASH FLOW OVER NEXT 12-MONTH PERIOD
* CO EXPECTS TO ISSUE UP TO ABOUT 60.4 MILLION HYPERBLOCK COMMON SHARES TO CRYPTOGLOBAL SHAREHOLDERS IN CONNECTION WITH TRANSACTION
* ‍UPON CLOSING OF TRANSACTION, CRYPTOGLOBAL SHAREHOLDERS WILL OWN APPROXIMATELY 25.2% OF COMBINED COMPANY​
* ‍TRANSACTION IS CURRENTLY EXPECTED TO CLOSE AT END OF MAY 2018​ Source text for Eikon: Further company coverage: