BOTS, Inc. acquired certain assets from First Bitcoin Capital Corp. (OTCPK:BITC.F).
May 25, 2020
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BOTS, Inc. (OTCPK:MCIG) acquired certain assets from First Bitcoin Capital Corp. (OTCPK:BITC.F) on May 14, 2020. In related transactions, BOTS, Inc. entered into an asset purchase agreement with First Bitcoin Capital Corp. to acquire minority stakes in SinglePoint, Inc., Medical Cannabis Payment Solutions, Inc., Petroteg Energy, Inc., Digital Asset Monetary Network, Inc., Kronos Advanced Technologies, Inc., and Tipestry, Inc. from First Bitcoin Capital Corp., certain subsidiaries of First Bitcoin Capital Corp. including but not limited to; D'BOT Technology Corp, CoinQx Exchange Limited, First Bitcoin Capital LLC, hundreds of domains owned by First Bitcoin Capital Corp. and majority of the inventory of numerous digital cryptocurrencies owned by First Bitcoin Capital Corp., $1.25 million in face value convertible promissory notes issued by Kronos Advanced Technologies to First Bitcoin Capital LLC, US Patent Application 2018/0315072 A1, and majority of the inventory of numerous digital cryptocurrencies owned by First Bitcoin Capital Corp. As combined consideration for the acquisition of all the assets, BOTS issued 100 million shares of common stock and 30 million series A preferred stock to First Bitcoin Capital, with a pledge to issue an additional 60 million shares of series A preferred upon reaching certain milestones. All series A preferred shares are to be retained by First Bitcoin Capital Corp. while 100 million shares of common stock will to be distributed to the shareholders of First Bitcoin Capital.
BOTS, Inc. (OTCPK:MCIG) completed the acquisition of certain assets from First Bitcoin Capital Corp. (OTCPK:BITC.F) on May 14, 2020.
Bots Inc is a Puerto Rico-based technology company, which provides tailormade automation solutions to business customers. The Companyâs offering includes Artificial Intelligence (AI) Bots, Blockchain and Cyber Security services. AI Bots consist of chatbots that can automatically respond to user-protected chat messages in real-time. It provides programming services. Blockchain offers blockchain application development services. Cyber Security services include Penetration Tests, Security Audits and Incident Response. Penetration Tests comprises Web and Mobile Applications Testing, Information Technology (IT) Infrastructure Testing and Breach and Attack Simulation. Security Audits cover Gaps Analysis, Configurations Review, Secure Architecture Design and Cloud Review. Incident Response consist of Malware Analysis, Network Analysis and Computer Forensics. Additionally, the Company is developing several projects mostly focused on financial technologies, such as cryptocurrencies.