(Boursier.com) — Crypto Blockchain Industries (CBI) is developing AlphaVerse, an open and connected virtual universe, which brings together numerous worlds in the fields of music, video games, digital arts and charitable associations and organizations and which now extends to the world of football . In this context, CBI is launching a free BSA allocation operation to all shareholders. These warrants are of two types: category A share subscription warrants (BSA A) and category B share subscription warrants (BSA B). The BSA A and the BSA B are collectively referred to as the BSA.
The BSAs will be allocated free of charge to all shareholders at the rate of 1 BSA per share held. Each BSA holder will be able to exercise 100% of the BSAs they hold.
The characteristics of the two types of BSA are as follows…
– For the BSA A : 1 existing share gives the right to 1 BSA, and 50 BSA gives the right to subscribe to 1 new share at a unit exercise price of 0.40 euros. The subscription period will be open from March 13, 2024 to June 30, 2024 (inclusive).
– For the BSA B : 1 existing share gives the right to 1 BSA, and 50 BSA gives the right to subscribe to 1 new share at a unit exercise price of 0.60 euros. The subscription period will be open from March 13, 2024 to March 31, 2025 (inclusive).
It is specified that BSA A and BSA B are not fungible. In other words, the shareholder cannot combine the use of BSA A with BSA B.
This operation will make it possible to better involve shareholders in the development of AlphaVerse; to seize opportunities to develop new games in partnership with external studios and/or to make targeted acquisitions of blockchain companies or those capable of developing there; to increase the free float of the company and thus broaden the shareholder base.
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