Spetz Inc. (CSE: SPTZ) (OTC: DBKSF) has announced the execution of a definitive agreement with Sonic Strategy Inc. on February 2, 2025, for the complete acquisition of the company’s issued and outstanding common shares. Upon completion, Sonic Strategy will operate as a wholly owned subsidiary of Spetz, with its existing shareholders becoming stakeholders in Spetz.
Under the terms of the agreement, Spetz will issue a total of 14,000,000 common shares at a valuation of $0.375 per share to Sonic Strategy’s shareholders, aligning with their respective ownership stakes prior to the acquisition’s closure. The valuation of Sonic Strategy has been determined at approximately $5,250,000, with the issue price reflecting a discount from Spetz’s closing share price of $0.50 on the Canadian Securities Exchange (CSE) as of January 31, 2025. Upon the closing date, Sonic Strategy shareholders will transfer their shares in exchange for Spetz common shares.
Regulatory Approval and Closing Timeline
The acquisition is expected to be finalized by February 10, 2025, contingent on corporate and regulatory approvals, including authorization from the Canadian Securities Exchange. The transaction is structured in a way that it will not result in the creation of a new insider within Spetz.
Sonic Strategy, based in Alberta, operates as a staking company focused on the Sonic blockchain. Through this acquisition, Spetz aims to enhance its blockchain infrastructure and diversify its revenue streams by developing and managing staking solutions within the Sonic network.
Enhancing Blockchain Capabilities
By incorporating Sonic Strategy’s expertise, Spetz seeks to deepen its involvement in the blockchain sector through high-yield staking operations that contribute to securing the Sonic network. The company was founded by Mitchell Demeter, an entrepreneur known for his contributions to cryptocurrency innovation across public and private ventures. Following the completion of the acquisition, Demeter is expected to serve as a technical advisor to Spetz, bringing his extensive knowledge of decentralized finance and blockchain infrastructure to the organization.
This acquisition aligns with Spetz’s broader strategy of bridging traditional and decentralized finance while maintaining its leadership in financial technology. The integration of Sonic Strategy’s staking solutions is anticipated to complement Spetz’s existing investment in Kirobo Ltd., fostering greater synergy between artificial intelligence-driven marketplaces, cryptocurrency, and staking economies.
Additional Share Issuance and Advisory Fee
Subject to the successful completion of the acquisition, Spetz plans to issue a total of 700,000 common shares to two independent entities as part of an advisory fee. All securities issued as part of this transaction will be exempt from the prospectus requirements outlined in applicable securities legislation.
The acquisition marks a significant milestone for Spetz, reinforcing its commitment to expanding blockchain capabilities and strengthening its position in the decentralized finance landscape.
