Republic Power Group Limited entered into a conditional agreement to acquire 10% of NVC Partners Limited and related software assets for a total consideration of US$2,800,000.
Key takeaways
Purchaser conditionally agreed to acquire 10% of NVC Partners Limited, a BVI company engaged in digital assets trading software development.
Total consideration for the share purchase and technology services is US$2,800,000, payable under the Sale and Purchase Agreement terms.
Transaction is subject to Conditions Precedent with a Long Stop Date of 30 June 2026.
Concurrent Master Software Source Code Transfer Agreement provides RWA Tokenization System and Reservoir Marketplace software.
Vendor retains 90% ownership of NVC Partners Limited following the completion of the transaction.