Riot Blockchain, Inc. (NasdaqCM:RIOT) entered into a share exchange agreement Kairos Global Technology, Inc. for $11.9 million on November 1, 2017. Under the terms of the agreement, Riot Blockchain will issue its 1.75 million Series B convertible preferred stock. The value of each share of Series B convertible preferred stock is $6.8 and they are convertible into 1.75 million shares of Riot Blockchain's common stock. Series B Preferred Stock contains a blocker pursuant to which, if Riot Blockchain has not obtained the approval of its shareholders in accordance with NASDAQ Listing Rule 5635(d), then Riot Blockchain may not issue upon conversion of the Series B convertible preferred stock a number of shares of common stock. The transaction is subject to Completion of Due Diligence and Kairos Global Technology has minimum of $0.9 million of cash on hand. Harvey J. Kesner of Sichenzia Ross Ference Kesner LLP acted as a legal advisor to Riot Blockchain. Joe Laxague of Laxague Law Inc acted as a legal advisor to Kairos Global Technology. Riot Blockchain, Inc. (NasdaqCM:RIOT) completed the acquisition of Kairos Global Technology, Inc. on November 3, 2017.