Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Nilam Resources Announces Letter of Intent to Acquire 24,800 Bitcoin
ADOPTION NEWS

Nilam Resources Announces Letter of Intent to Acquire 24,800 Bitcoin

By Crypto FlexsMarch 28, 20244 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Nilam Resources Announces Letter of Intent to Acquire 24,800 Bitcoin
Share
Facebook Twitter LinkedIn Pinterest Email

Nilam Resources, Inc. has entered into a Letter of Intent (LOI) with Xyberdata Ltd to acquire 100% of the common stock of a special purpose entity called MindWave. The company holds 24,800 Bitcoins, which are used as collateral for investments in high-yield projects. This strategic acquisition is a significant milestone for Nilam Resources, Inc., adding more than $1 billion in digital assets to its portfolio.

Nilam Resources, Inc. (OTC PINK: NILA) announced that it has entered into a Letter of Intent (LOI) with Xyberdata Ltd to acquire 100% of the common stock of a special purpose entity called MindWave. The company will hold 24,800 Bitcoin, which will serve as collateral to raise capital to invest in high-yield projects.

Under the agreement, Nilam Resources, Inc. will issue newly authorized Series C Preferred Stock in exchange for 24,800 Bitcoins at a discount compared to the current market price. The acquisition of MindWave, a Mauritius-based special purpose entity, will bring digital assets, including 24,800 bitcoins, into the hands of Nilam Resources, Inc. These assets will be utilized to raise capital for strategic investments.

The successful completion of this acquisition is a significant milestone for Nilam Resources, Inc., adding more than $1 billion in digital assets to its portfolio. With the current market rally and Bitcoin being recognized as the “gold standard” for digital transactions, this acquisition is consistent with Nilam Resources’ vision, mission and core values ​​of transparency, innovation and sustainability.

“The company and team have been working hard over the past few months to finalize all agreements and due diligence required to move forward with a legally binding Letter of Intent (LOI),” said Pranjali More, CEO of Nilam Resources, Inc. “Through the transaction, we are taking another step towards a future where finance is inclusive and sustainable, driving positive change in the digital economy.”

The terms and provisions of the acquisition will be detailed in one or more definitive agreements. Nilam Resources, Inc. is expected to acquire a 100% stake in MindWave, making it a subsidiary of the company. MindWave’s shareholders will exchange their shares for a new class of preferred stock (Class C) approved and issued by Nilam Resources, Inc.

The newly authorized Preferred Stock (Class C) will grant holders the right to convert upon listing on Nasdaq or another national exchange or upon the occurrence of other defined liquidity events. These shares are issued proportionately to shareholders. All Class C shares of Preferred Stock issued pursuant to the transactions contemplated herein will be considered “restricted securities” as defined in Rule 144 under the Securities Act of 1933, as amended.

Nilam Resources, Inc. and Xyberdata Ltd., a leader in global connectivity services. The strategic partnership brings together expertise in fintech and connectivity. The goal of this collaboration is to leverage the synergies of both companies and drive industry innovation.

As the agreement progresses, Nilam Resources, Inc. will continue to work closely with Xyberdata Ltd. to ensure a smooth and successful acquisition process. Upon completion of this acquisition, Nilam Resources, Inc. will establish itself as a key player in the cryptocurrency market, further strengthening its portfolio and contributing to its growth.

Nilam Resources, Inc. is an investment holding company focused on innovation and strategic advancement. With a diverse portfolio spanning a variety of industries including FinTech, MedTech and ClimateTech, the company aims to generate returns on investments while contributing to the growth of cutting-edge technologies and applications.

Xyberdata, formerly known as 101 Systems Ltd, is a leading global connectivity services provider. With an extensive network spanning continents, Xyberdata ensures seamless connectivity for its clients. The Company’s services rely on carriers around the world for its business-critical operations.

Image source: Shutterstock

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025

Bitcoin analysts bet on $ 200K after hints of Fed.

August 23, 2025

‘Self -transactions, dressed in capital layout’: The cryptocurrency financial craze divides the industry.

August 15, 2025
Add A Comment

Comments are closed.

Recent Posts

Bybit WSOT 2025 Attracts Quadruple Squads As $8M Main Competition Commences

September 2, 2025

Duration Of The Process And Important Nuances

September 2, 2025

PrimeXBT Launches “Empowering Traders To Succeed” Campaign, Leading A New Era Of Trading

September 2, 2025

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 2025

InFocus Launches Digital Ventures Strategy With Mythos Group To Push Into Blockchain, AI And Bitcoin

September 1, 2025

WorldShards Announces Partnership With ByBit And TGE Date

September 1, 2025

EcoSync & CarbonCore Launch Full Stages Refi Infrastructure Linking Carbon Credits With Web3

September 1, 2025

NFT sales in August increased 2.78% in July 2025

September 1, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Bybit WSOT 2025 Attracts Quadruple Squads As $8M Main Competition Commences

September 2, 2025

Duration Of The Process And Important Nuances

September 2, 2025

PrimeXBT Launches “Empowering Traders To Succeed” Campaign, Leading A New Era Of Trading

September 2, 2025
Most Popular

Phuket Pioneers Blockchain Mass Adoption in Thailand with B2GC: Blockchain-Government Conference

January 4, 2024

Pantera Acquires Additional Discounted Solana Tokens in FTX Bankruptcy Auction: Report

April 26, 2024

The Sei Creator Fund will fuel developer and game growth with $500,000 in SEI funding.

October 29, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.