BlockChain Innovations Corp Announced Plans to Go Public in Third Quarter of 2018
BlockChain Innovations Corp announced this week their latest plans to go public later this year. BCI provides the technology for all blockchain technology in the gaming industry. They signed a letter of intent for qualifying transaction with Capricorn Business Acquisition. The move will make it a first in the blockchain industry for an on-blockchain wagering public company to aid the regulated industry across the UK, US and other jurisdictions.
FMI Capital Advisory will act as the financing agent and will serve as the exclusive financial advisor for BCI. BCI stated that they will target institutional and strategic investors and will use all net proceeds to invest in product and technology developments as well as brand and market awareness and working capital. Further details will be announced by BCI after they have went public sometime in the third quarter the company said.
Chief Executive for BlockChain Innovations, Matt Stafford said,
“With the US sports betting market opening and the go-public transaction set for the third quarter, BCI can bring it’s gaming-by-design blockchain technology to several regulated gaming markets. I want to extend a sincere thank all our investors for making this milestone in BCI’s history possible.”