News 3.0 Limited entered into a letter of intent to acquire Braingrid Limited (CNSX:BGRD.X) in a reverse merger transaction for CAD 2 million on November 30, 2020. As per terms, Braingrid Limited shall purchase 51,000 shares of Cryptonews for the consideration payable by way of the issuance of a new class of preferred shares of Braingrid Limited to be designated as Series “1” preferred shares. In a related transaction, Braingrid Limited has also entered into a letter of intent with a shareholder of Sportsclothes UAB on November 29, 2020, to purchase 20% stake of Sportsclothes. Tony G is contemplated to remain a substantial shareholder of Cryptonews following the completion of the transaction. The transaction is subject to certain conditions, including but not limited to shareholder and Canadian Securities Exchange approval of the proposed change of business to an investment company.

News 3.0 Limited completed the acquisition of Braingrid Limited (CNSX:BGRD.X) in a reverse merger transaction on October 7, 2021. Under the terms of the transaction, Braingrid purchased 51% of the issued and outstanding common of News 3.0 Limited in exchange for the issuance of 3,600,000 common shares. In connection with the transaction, Andrew Parks resigned as Interim Chief Executive Officer of Braingrid, Gediminas Klepackas was appointed as the Chief Executive Officer and a director, and Antanas Guoga was appointed as a director. Douglas Harris will remain as the Company's Chief Financial Officer and Andrew Parks and Gregory Pepin will continue to act as directors. Final approval from the Canadian Securities Exchange in respect of its change of business from a technology issuer to an investment issuer has been received. Trading in the common shares of the company began on the CSE under the company's new stock symbol "TONY" on October 7, 2021.