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Overview

Apolo Acquisition Corp. Completes Qualifying Transaction

January 25, 2018

Apolo Acquisition Corp. (“Apolo”), a capital pool company listed on the TSX Venture Exchange, completed its qualifying transaction with CryptoGlobal Inc. ("CryptoGlobal") by way of a "three-cornered" amalgamation among Apolo, CryptoGlobal and a wholly-owned subsidiary of Apolo. As a result, CryptoGlobal became a wholly-owned subsidiary of Apolo. Immediately prior to the amalgamation, Apolo changed its name to "CryptoGlobal Corp." and consolidated its share capital on a 3.938-for-one basis.

CryptoGlobal operates in the distributed ledger technology space, utilizing specialized equipment to solve complex computational problems to validate transactions on the blockchain (a process known as "mining"), receiving digital or virtual currencies, including Bitcoin, Ethereum, Litecoin and Dash, in exchange for this service. Trading in the common shares of CryptoGlobal Corp. commenced on the TSXV on January 29, 2018 under the symbol "CPTO".  

Wildeboer Dellelce LLP acted for Apolo in connection with the qualifying transaction with a team that included Jeff Hergott, Michael Rennie and Amir Torabi (corporate/securities) and Katy Pitch (tax).