Specific Assets of LXCCoin Ltd entered into an asset purchase agreement to acquire NXChain Inc. (OTCPK:NXCN) in a reverse merger transaction on September 15, 2016. Under the terms of the agreement NXChain will issue 14.24 million shares in exchange for assets. Following consummation of the asset purchase transaction, LXCC owned approximately 57.97% of NXChain issued and outstanding shares of the Common Stock, which shares gave LXCC effective control of NXChain. Eric M. Hellige of Pryor Cashman LLP acted as legal advisor for NXChain. Specific Assets of LXCCoin Ltd completed the acquisition of NXChain Inc. (OTCPK:NXCN) in a reverse merger transaction on September 26, 2016.