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Riot Nice vol. @ .08-09 today Item 1.01 Entry into a Material Definitive Agreement.
Item 2.01 Completion of Acquisition or Disposition of Assets.
Tess Inc. Acquisition
On October 20, 2017, Riot Blockchain, Inc. (the “Company”) acquired approximately 52% of Tess Inc., a private Ontario company (“TESS”) which is developing blockchain solutions for telecommunications companies.
Under the terms of the Purchase Agreement (the “Purchase Agreement”) the Company invested $320,000 and issued 75,000 shares of restricted Common Stock in exchange for 2,708,333 shares (the “TESS Shares”) of TESS’ common stock (“TESS Common”). Accordingly, TESS became a majority-owned subsidiary of the Company. In connection with the transaction, the Company and TESS entered into a Registration Rights Agreement (the “Registration Rights Agreement”) pursuant to which the Company agreed to file a registration statement within three months to register the resale of 25,000 shares (of 75,000 shares) of Common Stock issued to TESS.
The acquisition is subject to certain risks as set forth in the Company’s filings and reports previously made with the Securities and Exchange Commission (the “SEC”) including those additional risks set forth in this Current Report on Form 8-K under Item 8.01 which are incorporated into this Item 2.01 by reference thereto.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12334209

Recent news... NASDAQ-Listed Blockchain Company Acquires TESS

https://www.streetwisereports.com/pub/na/nasdaq-listed-blockchain-company-acquires-tess