15:21:40 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Bigg Digital Assets Inc
Symbol BIGG
Shares Issued 255,340,401
Close 2023-09-27 C$ 0.225
Market Cap C$ 57,451,590
Recent Sedar Documents

Bigg Digital closes acquisition of TerraZero

2023-09-28 12:54 ET - News Release

Mr. Mark Binns reports

BIGG DIGITAL ASSETS INC. ANNOUNCES CLOSING OF THE ACQUISITION OF TERRAZERO TECHNOLOGIES INC.

Bigg Digital Assets Inc. has completed the previously announced amalgamation between TerraZero Technologies Inc. and a subsidiary of the company, which resulted in Bigg acquiring all of the outstanding common shares and preferred shares of TerraZero (not including those TerraZero shares already held by the company). For more information regarding the transaction, please see the company's news releases dated Aug. 25, 2023, and Sept. 21, 2023.

"In joining Bigg, we are better positioning our products and services to utilize technologies around digital assets, just as much as we're connecting Bigg's portfolio to opportunities within our intraverse ecosystem, and its ultimate user base. We see this as a very strategic move for the future of the Web3-facing facets of our business, and beyond," commented Dan Reitzik, chief executive officer of TerraZero.

Pursuant to the transaction, Mr. Reitzik was appointed as a non-voting observer to the board of directors of the company and will hold such position until Sept. 28, 2024.

About Bigg Digital Assets Inc.

Bigg Digital Assets believes the future of crypto is a safe, compliant and regulated environment. Bigg invests in products and companies to support this vision. Bigg has three portfolio companies: Netcoins, Blockchain Intelligence Group and TerraZero.

TerraZero Technologies is a vertically integrated metaverse development group and leading Web3 technology company specializing in helping brands create immersive experiences. TerraZero's metaverse-agnostic vision is to develop and implement products and services with scalable commercial applications to flourish engagement across gamified experiences, where enterprise-level businesses, metaverse platforms and Web3 creators can seamlessly bridge, and actionably grow their virtual world and the physical world endeavours together as one. TerraZero owns digital real estate for brands to establish presence in existing virtual worlds, and can also offer brands their own private worlds to provide offices and services to those interested in the metaverse. Furthermore, TerraZero acquires, designs, builds and operates virtual assets and solutions to monetize the metaverse ecosystem. TerraZero's businesses are segmented into five divisions, which include: (1) immersive experience creation in existing or private virtual worlds; (2) advertising; (3) data analytics; (4) events and marketing; and (5) infrastructure. TerraZero aims to support the community, foster innovation and drive adoption.

We seek Safe Harbor.

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