BlockChain Innovations Corp (BCI), an international blockchain technology supplier serving the regulated gaming industry, has signed a letter of intent with Capricorn Business Acquisition Inc for a qualifying transaction to go public in the third quarter of 2018.
The planned go-public transaction will make BCI the first on-blockchain wagering public company in the world to serve the regulated and player-to-player gaming industries in the US, United Kingdom, Europe and gaming jurisdictions worldwide. BCI will announce further detail pertaining to the go-public transaction in due course.
BCI’s CEO Matt Stafford commented: “With the United States sports betting market opening and the go-public transaction set for the Third Quarter, BCI can bring it’s gaming-by-design blockchain technology to several regulated gaming markets, I want to extend a sincere thank all our investors for making this milestone in BCI’s history possible.”
FMI Capital Advisory Inc has been engaged to act as an exclusive financial advisor to BCI and has been engaged as a financing agent to complete a capital raise via private placement. The raise will target strategic and institutional investors, and the net proceeds will be used to invest in the company’s technology and product development, marketing and brand awareness, and working capital.