Agreement provides for the acquisition of BitNile.com, Inc. by Ecoark for $100 Million in Stated Value of Preferred Stock
BitNile.com to launch what it believes to be the first metaverse super-app that runs entirely in the web browser with no pixel streaming
LAS VEGAS–(İŞ TELİ)–$AMEX #100_Million_Deal-Ault İttifakı, Inc. (NYSE American: AULT), çeşitlendirilmiş bir holding şirketi (“Ault İttifakı”) ve Ecoark Holdings, Inc. (“Ekoark”) (NASDAQ: ZEST) announced today that they have entered into a share exchange agreement (the “Bireysel Üyelik Sözleşmesi”) whereby, upon closing, Ecoark will acquire 100% of the outstanding equity of Ault Alliance’s subsidiary BitNile.com, Inc. (“BitNile.com").
BitNile.com’s metaverse platform (the “Platform”) will launch on March 1, 2023, representing an evolution of how people interact digitally with a bidirectional connection to the physical. The Platform will incentivize users through a tiered rewards system supported by a revenue and reward model. The Platform will be device-agnostic, where users will be able to play 3D immersive games, can purchase both digital and physical products, experience various forms of entertainment, and engage with a new social networking community across any of their internet connected devices. The Platform will allow users to participate in the metaverse with unique avatars and customized skins.
According to Statistica, revenue in the metaverse market is projected to reach $55 billion in 2023 and metaverse’s reach is projected to be 700 million people by 2030. By providing access to and combining various elements of gaming, shopping and advertising, the Platform’s addressable marketplaces will include the online retail/ecommerce market, which is estimated at $6.3 trillion per eMarketer, the collectibles marketplace, estimated to be $426 billion per Market Decipher, and the global online gaming market, which is estimated at $63 billion according to Grand View Research. The Platform’s technology is powered by proprietary software from a third party that has the ability to scale, given the marketplaces BitNile.com anticipates to target in the future.
Platformun kullanıma sunmayı umduğu dijital "dünya içi" deneyimlerin örnekleri arasında kumar makineleri, bir spor kitabı, Texas Hold'em turnuvaları ve bir çekiliş modeli kullanan diğer çeşitli şans oyunları yer alır. Platformun, hayranların favorisi INDYCAR Serisi sürücü forması ve diğer benzersiz dijital kaplamalarla kişiselleştirilmiş avatarlar oluşturmak için konserleri ve diğer canlı eğlence biçimlerini canlı yayınlama yeteneğine sahip olması bekleniyor. Platformun reklam modelinin, davranışı teşvik eden çok katmanlı yeni nesil bir ödül sistemiyle desteklenen ayrıntılı hedefleme sağlaması bekleniyor. Lansman sırasında, Platform beta biçiminde olacak ve tüm deneyimler ve işlevler hemen kullanılamayacak.
Sanalın ötesinde, BitNile.com'un uzman deneyim küratörlerinden oluşan ekibi, kullanıcıların ünlülerle yemek yiyebileceği, NYC Moda Haftası'nda sahne arkasına geçebileceği, at sırtında şebekeden bağımsız Patagonya'yı keşfedebileceği etkinlikler gibi benzersiz gerçek dünya maceraları yaratacak. veya bir stadyumun isim haklarına sahip olmak.
At the closing of the Agreement, Ecoark will acquire BitNile.com from Ault Alliance and other founders, in exchange for shares of Ecoark preferred stock (the “Tercih edilen stok”). The Preferred Stock will have a stated value of $100 million, be convertible into shares of Ecoark common stock, accrue dividends of 5% per annum for 10 years, and be entitled to certain other rights as set forth in the certificate of designation for the Preferred Stock. The closing of the Agreement, pursuant to which Ault Alliance will be able to convert and vote up to 19.9% of Ecoark’s issued and outstanding shares of common stock, is subject to Ecoark’s receipt of a fairness opinion, each parties’ satisfaction of its due diligence review of the other party, completion of required stock exchange and regulatory approvals, and other customary closing conditions. The parties expect to complete the acquisition of BitNile.com during February 2023. Ecoark will seek approval by its shareholders at a meeting called for such purpose, upon which Ecoark will be a majority-beneficially owned subsidiary of Ault Alliance and Ault Alliance will be able to convert and vote the entirety of the Preferred Stock.
In addition to the Platform, BitNile.com will also own, at the closing, Ault Alliance’s 19.9% equity ownership in Earnity, Inc. (“kazanç”). Earnity aims to democratize access to the broadest array of cryptocurrency assets in a secure, educational, and community-oriented platform to global customers. In so doing, Earnity provides users with the ability to earn, learn, collect and gift a variety of tokens and portfolios. BitNile.com and Earnity will collaborate on creating secure digital products and incentives to enhance the user’s metaverse experience.
Milton “Todd” Ault, III, Ault Alliance’s Executive Chairman, stated, “The BitNile.com platform has next generation capabilities and technology, and we believe after the acquisition by Ecoark, a Nasdaq listed company, the Platform will be well positioned to expand, launching new business streams and products. We’re at the early stages of a land grab in the metaverse market right now, and we expect BitNile.com will establish itself as a major player in this market with a ready-to-launch suite of unique user experiences in a browser-based, device-agnostic manner. We are excited to work with the Ecoark team in creating this destination platform in the metaverse and building something we expect to be truly remarkable.”
Ecoark’s Founder, Chairman and CEO, Randy May, stated, “I am grateful to continue our partnership with Todd Ault in structuring this mutually beneficial transaction. I feel there is tremendous potential with the unique metaverse offering of the Platform, and we believe this strategic acquisition will allow us to develop new partnerships leading to more rapid customer acquisition and premier content creation to enhance the Platform and grow revenue and profitability.”
Ault Alliance, Inc. Hakkında
Ault Alliance, Inc., değeri düşük işletmeleri ve küresel etkiye sahip yıkıcı teknolojileri satın alarak büyümeyi hedefleyen, çeşitlendirilmiş bir holding şirketidir. Ault Alliance, tamamına ve çoğunluğuna sahip olduğu yan kuruluşları ve stratejik yatırımları aracılığıyla Bitcoin madenciliği yaptığı bir veri merkezinin sahibi ve işletmecisidir ve petrol arama, vinç hizmetleri, savunma/havacılık, endüstriyel, otomotiv, medikal/biyofarma, tüketici elektroniği, otel operasyonları ve tekstil. Buna ek olarak, Ault Alliance, lisanslı bir kredi yan kuruluşu aracılığıyla seçkin girişimci işletmelere kredi sağlar. Ault Alliance'ın genel merkezi 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.Ault.com.
Ecoark Holdings, Inc. Hakkında
Founded in 2011, Ecoark is a diversified holding company. Ecoark owns three principal subsidiaries either directly or indirectly: approximately 66% of Wolf Energy Services Inc. (OTCQB: WOEN) (“Wolf”) indirectly, 100% of Zest Labs, Inc. (“Zest Labs”) directly, and approximately 89% of Agora Digital Holdings Inc. (“Agora”) directly. Ecoark also owns approximately 70% of White River Energy Corp (OTCQB: FRTM) (“White River ”). Wolf provides trucking and other oilfield services through its Banner Midstream business. White River owns White River Holdings Corp., an oil and gas drilling, exploration, and production company. Zest Labs, offers the Zest Fresh™ solution, a breakthrough approach to quality management of fresh food, is specifically designed to help substantially reduce the $161 billion amount of food loss the U.S. experiences each year. Agora engaged in the mining of Bitcoin prior to the industry sell-off through its subsidiary, Bitstream Mining LLC, and is now transitioning to a hosting company. ZEST FRESH™ and Zest Labs™ are trademarks of Zest Labs, Inc.
Tablolar İleriye Dönük
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and neither Ault Alliance nor Ecoark undertake any obligation to update any of these statements publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. In addition to risks relating to the continuation of high oil prices and state regulation of bitcoin mining, investors should review risk factors, that could affect either or both of the Ault Alliance’s and Ecoark’s respective businesses and financial results which are included in Ault Alliance’s and Ecoark’s respective filings with the U.S. Securities and Exchange Commission, including, but not limited to, their respective Forms 10-K, 10-Q and 8-K. All such filings are available at www.sec.gov ve şirketlerin web sitelerinde www.Ault.com ve www.ecoarkusa.com, Sırasıyla.
Bize Ulaşın
Ault Alliance Yatırımcı İletişimi:
[e-posta korumalı] veya 1-888-753-2235
Ecoark Holdings Yatırımcı İletişimi:
[e-posta korumalı] veya 1-800-762-7293
Source: https://thenewscrypto.com/ault-alliance-and-ecoark-holdings-sign-share-exchange-agreement/