LXCCoin Ltd. entered into a non-binding letter of intent agreement to acquire NXChain Inc. (OTCPK:NXCN) from Havanti AS, Eudora Partners LLC, and other sellers in a reverse merger transaction on March 10, 2016. LXCC will be merged with NXCN, which will remain the surviving entity, and that LXCC’s shareholders will own approximately 90% of the post-merged fully-diluted shares of NXCN. Completion of the merger is contingent upon certain closing conditions, including customary due diligence considerations, the negotiation, execution and delivery of a merger agreement by the parties, and Board and stockholder approval. LXCCoin Ltd. cancelled the non-binding letter of intent agreement to acquire NXChain Inc. (OTCPK:NXCN) from Havanti AS, Eudora Partners LLC, and other sellers in a reverse merger transaction on September 26, 2016.