Visionstate signs LOI to invest in cryptocurrency company, announces private placement
Summary
In the event the Common Shares of Visionstate close at a price of greater than $0.15 per Common Share for a period of greater than twenty (20) consecutive trading days, then the Term of the warrant shall be accelerated and shortened from two (2) years to thirty (30) calendar days, and a press release stating this fact shall be deemed to be sufficient notice to all warrant holders of the shortened Term as a result of the acceleration.The Transaction marks Visionstate’s next move in implementing its strategy to enhance and diversify its technology portfolio which currently includes 100% ownership of Visionstate Inc., an Internet of Things (IoT) software company which provides applications to the building services sector, as well as a 30% stake and an option to acquire the remaining 70% of Chatbot Incubator, an AI development company.Visionstate Corp.’s objective is to diversify the Company’s product portfolio by investing in high growth opportunities in areas such as artificial intelligence, and blockchain related technologies.The Company looks for technologies that are synergistic to Visionstate’s existing product portfolio in analytics, interactive customer service, and IoT applications designed to streamline operations.WANDA is installed in locations throughout North America, including hospitals, airports, office buildings, public facilities and shopping centers.