- Spetz Inc. acquires 3.35 million Sonic tokens in strategic move.
- Total investment in tokens amounts to $1.87 million CAD at $0.56 CAD per token.
- Issuance of 3.15 million stock options to align with new blockchain strategy.
Spetz Inc. (CSE:SPTZ, OTC:DBKSF) has successfully completed its first week of engaging in a strategic digital asset accumulation program. The company has acquired approximately 3.35 million Sonic tokens, the native token of the Sonic blockchain, at an average cost of $0.56 CAD ($0.41 USD) per token. This acquisition represents a total investment of $1.87 million CAD, bringing Spetz's total Sonic token holdings to 3.9 million.
This move comes after Spetz's strategic divestiture of its legacy business, marking a significant shift in focus towards supporting the Sonic blockchain ecosystem. The company aims to leverage this shift to foster long-term value creation for its shareholders through active capital allocation and infrastructure participation.
Furthermore, in alignment with its new corporate strategy, Spetz has announced the issuance of a total of 3.15 million stock options under its equity incentive plan. These options, which have an exercise price of $0.81, have been allocated as follows: 1 million to officers, 375,000 to directors, and 1.775 million to consultants and advisors. They have a 10-year term and a vesting schedule in quarterly tranches over 24 months. This initiative is aimed at aligning the interests of the company's personnel with its long-term success in the blockchain space.
