Cinaport Acquisition Corp. III Settled Litigation with Coinberry Ltd.
Cinaport Acquisition Corp. III Settled Litigation with Coinberry Ltd.
Toronto, Ontario--(Newsfile Corp. - July 6, 2022) - Cinaport Acquisition Corp. III (TSXV: CAC.P) (the "Company"), a capital pool company listed on the TSX Venture Exchange (the "Exchange"), is pleased to announce that following the Company's press release dated April 18, 2022 announcing the settlement agreement (the "Settlement Agreement") with Coinberry Limited ("Coinberry"), the Company has received 3,100,000 common shares (the "Settlement Shares") of WonderFi Technologies Inc. in settlement of the Company's previously announced legal proceedings against Coinberry in the Ontario Superior Court of Justice (the "Legal Action"). 75% of the Settlement Shares are subject to a contractual lock up with each 25% of the Settlement Shares to be released from the lock-up on August 31, September 30, and October 30, 2022. Following the Company's receipt of the Settlement Shares, the Company has provided a full release to Coinberry which concluded the settlement of the Legal Action pursuant to the terms of the Settlement Agreement.
安大略省多倫多-(Newsfile Corp.-2022年7月6日)-Cinaport Acquisition Corp.III(TSXV：CAC.P)(The公司)，一家在多倫多證券交易所創業板上市的資金池公司交易所)，很高興地宣佈，在本公司於2022年4月18日發佈新聞稿宣佈和解協議(和解協議“)與Coinberry Limited(”金莓“)，公司已收到3,100,000股普通股(”結算股份WonderFi Technologies Inc.)，以了結該公司先前宣佈的在安大略省高級法院(The Ontario Superior Court Of Court)對Coinberry提起的法律訴訟法律行動“)。75%的和解股份須受合約鎖定，每25%的和解股份將於2022年8月31日、9月30日及2022年10月30日解除禁售期。在本公司收到和解股份後，本公司已根據和解協議的條款向完成法律行動和解的Coinberry提供全面解鎖。
For more information, please contact:
如需更多信息，請聯繫：
Avi Grewal
President & Chief Executive Officer
Phone: (416) 723-4582
E-mail: agrewal@cinaport.com
阿維·格雷瓦爾
總裁&首席執行官
電話：(416)723-4582
電子郵件：grewal@cinaport.com
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this Press release.
交易所及其監管服務提供商(該術語在交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
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