Phoenix Digital Assets Plc and Supernova Digital Assets Plc - London based NFT and crypto investment funds - Announce Friday that they have received shares following Flex Labs Inc's acquisition of IO+ pte ltd, in which both groups held a minority interest. Supernova will receive 771,930 common shares in Flex, and Phoenix will receive 17,368,421 as a result of the acquisition.

Due to Michael Edwards serving as a director of Flex, Phoenix and Supernova, the transaction is considered a related party transaction under the rules of London's Aquis Stock Exchange.

On Friday Flex, the British Columbia-based artificial intelligence middleware products developer, completed its acquisition of IO+, a Singapore-based software company engaged in developing AI products for the real estate market. Flex had previously owned a 5% stake in IO+.

Phoenix current share price: 4.575 pence

Supernova current share price: 0.174p

Flex current share price: 3.0p

By Aidan Lane, Alliance News reporter

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