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.
安大略省多伦多-(Newsfile Corp.-2022年7月6日)-Cinaport Acquisition Corp.III(TSXV：CAC.P)(The公司)，一家在多伦多证券交易所创业板上市的资金池公司交易所)，很高兴地宣布，在本公司于2022年4月18日发布新闻稿宣布和解协议(和解协议“)与Coinberry Limited(”金莓“)，公司已收到3,100,000股普通股(”结算股份WonderFi Technologies Inc.)，以了结该公司先前宣布的在安大略省高级法院(The Ontario Superior Court Of Court)对Coinberry提起的法律诉讼法律行动“)。75%的和解股份须受合约锁定，每25%的和解股份将于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后，本公司已根据和解协议的条款向完成法律行动和解的Coinberry提供全面解锁。
For more information, please contact:
如需更多信息，请联系：
Avi Grewal
President & Chief Executive Officer
Phone: (416) 723-4582
E-mail: agrewal@cinaport.com
阿维·格雷瓦尔
总裁&首席执行官
电话：(416)723-4582
电子邮件：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.
交易所及其监管服务提供商(该术语在交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。
To view the source version of this press release, please visit
要查看本新闻稿的源版本，请访问