Graph Blockchain Inc. (CNSX:GBLC) entered into a letter of intent to acquire Beyond the Moon Inc. for CAD 6 million on May 14, 2021. The consideration includes an aggregate purchase price of CAD 6 million. The Purchase Price shall be satisfied through the issuance of units of Graph Blockchain. Each Consideration Unit shall comprise one common share at CAD 0.13 and a half common share purchase warrant with deemed price of $0.18 in the capital of the Corporation. The Vendors acknowledge that the issuance of the Consideration Shares and Warrants shall be subject to the receipt of regulatory approvals and may be subject to statutory hold periods. The transaction is subject to the completion of satisfactory mutual due diligence within thirty (30) days from the date of the LOI, pursuant to the terms and conditions of the LOI, Graph Blockchain and Beyond the Moon will enter into a definitive share exchange agreement for the acquisition. The acquisition is subject to the Board of Directors and shareholders approval. The acquisition is subject to receipt of the approval of the Canadian Securities Exchange or the Acquisition and issuance of the Consideration Units. It is anticipated that the Definitive Agreement will be signed on or before June 30, 2021 or such other date as mutually agreed to by the parties. Graph Blockchain Inc. (CNSX:GBLC) completed the acquisition of Beyond the Moon Inc. on June 10, 2021. Pursuant to the agreement, the purchase price satisfied through the issuance of 46.153 million units in capital of Graph Blockchain.