Sale of Coinsquare equity stake to Mogo Inc.
Company: Riot
The claim, verbatim
Riot sold 2.2 million Coinsquare common shares to Mogo Inc. for total consideration of approximately CAD$22 million, to be received as approximately 2.3 million Mogo common shares in three equal tranches
Source (primary)
Riot 8-K filed 2021-06-08 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “Riot sold the Coinsquare Shares to Mogo for the total purchase price of approximately CAD$22 million, which Mogo is paying through the issuance of approximately 2.3 million shares of Mogo's common stock (the "Mogo Shares"), which will be issued in three equal tranches, as follows: (i) one-third were issued immediately at closing on June 4, 2021; (ii) one-third to be issued one month after closing; and (iii) the final third to be issued two months after closing.”
How we checked this
Additional evidence
confirms Riot 8-K filed 2021-06-08
Quote: “Riot sold the Coinsquare Shares to Mogo for the total purchase price of approximately CAD$22 million, which Mogo is paying through the issuance of approximately 2.3 million shares of Mogo's common stock (the "Mogo Shares"), which will be issued in three equal tranches, as follows: (i) one-third were issued immediately at closing on June 4, 2021; (ii) one-third to be issued one month after closing; and (iii) the final third to be issued two months after closing.”