Bitcoin Swaps Exchange Enters Merger Agreement to Get Listed Publicly
Tera Group Inc, the operator of the US's first regulated Bitcoin derivative platform Tera Exchange, recently signed a merger agreement with MGT Capital Investment; thereby adding a crucial step that should make the former a publicly listed company. According to the available details, both the parties have currently agreed on some "contemplated" terms of the agreement which will reach its conclusion by March 16th, 2015. But as per now, it is definite that Tera will have a major stake in MGT's common stock shares (at least 70%). From the look of it, Tera however seems to be disinterested....
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