Wednesday, September 05, 2018 12:01:37 PM
"Under the terms of the investment, MBLC will receive 10,526,315 IRON tokens, and MBLC issued 6 million shares of common stock to Robot Cache at a deemed price of $0.50 per share in exchange for $3 million worth of IRON tokens, valued at a discount to the current market price. The Company also issued various non-cashless three-year warrants at strike prices that range from $0.75 - $5.00 per share to Robot Cache. These warrants have the potential to bring MBLC up to $7 million in additional capital if exercised. In addition to the rights to the IRON tokens, MBLC secured a right of first refusal to purchase up to 3% of the equity in Robot Cache's first equity round. To date, Robot Cache has not raised outside equity capital."
https://www.nasdaq.com/press-release/millennium-blockchain-announces-3-million-investment-in-robot-cache-20180905-00367
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