Toronto, Ontario and New York, New York–(Newsfile Corp. – October 20, 2022) – QuantGate Methods Inc. (OTCQB: QGSI) (the “QuantGate” or “Firm”), an Synthetic Intelligence (“AI”), Machine Studying (“ML”) SaaS-based Fintech options supplier is happy to announce that it has entered right into a non-binding letter of intent dated October 14, 2022 (the “LOI”) with CoinAnalyst Corp. (CSE: COYX) (FSE: 1EO) (“CoinAnalyst”) pursuant to which the Firm and CoinAnalyst will enter right into a enterprise mixture by means of a share alternate, three-corner amalgamation, merger, amalgamation, association or different comparable type of transaction (collectively, the forgoing with any associated transaction, the “Transaction”) which is able to lead to QuantGate and all of its subsidiaries and associates changing into immediately or not directly wholly owned subsidiaries of the CoinAnalyst (upon completion of the Transaction, known as the “Ensuing Issuer”).
The Transaction will due to this fact lead to a reverse take-over of CoinAnalyst by QuantGate whereby the prevailing shareholders of QuantGate will personal a majority of the excellent frequent shares of CoinAnalyst. The Ensuing Issuer shall be a expertise issuer and its major enterprise shall be that of QuantGate’s enterprise.
The acceptance of the LOI shall be adopted by good religion negotiations of definitive documentation, together with a definitive merger, amalgamation or share alternate settlement (the “Definitive Settlement”) among the many events setting forth the detailed phrases of the Transaction, together with the essential understandings set out within the LOI and such different phrases and circumstances as are customary for transactions of the same nature and magnitude of the Transaction.
In regards to the Mixed Firms
CoinAnalyst is a Frankfurt-based startup, with its headquarters situated in Toronto and gross sales infrastructure in america and Europe. CoinAnalyst makes use of machine studying algorithms to detect and supply social sentiment evaluation for cryptocurrencies and its shared underlying Massive Information/AI platform is presently utilized by a number of of the biggest Fortune 500 corporations within the German automotive business, in addition to aviation industries.
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The addition of CoinAnalyst’s expertise suits into QuantGate’s total technique to increase its product choices and distribution. CoinAnalyst would deliver huge knowledge experience and AI expertise, subscribers to a month-to-month digital publication, and AI Primarily based analytic instruments for cryptocurrency buyers. Along with QuantGate’s close to time period alternative alerts, the Ensuing Issuer anticipates that it’ll provide a lovely analytical bundle to buying and selling corporations and merchants of all asset courses.
The mixed Massive Information and AI/ML options would enable the brand new entity to increase its companies to Banking, Finance Companies, Funds, and Insurance coverage, which has a market dimension of USD 15.65 Billion in 2020 and is predicted to achieve USD 86.68 Billion in 2027.
Govin Misir, CEO of QuantGate: “I’m excited to steer this crew into the long run. The proposed mixture of our two corporations marks an vital milestone in our mission to supply cutting-edge huge knowledge options to the banking, monetary companies, insurance coverage, and cost industries. The anticipated synergies between our two groups will place the mixed entity to ship options that assist our shoppers keep forward of the curve.”
“We initially linked with QuantGate to type a strategic partnership,” said Pascal Lauria, Founder and CEO of CoinAnalyst, “However we shortly realized {that a} merger between the 2 corporations has the power to ship huge knowledge & AI based mostly fintech merchandise in each the standard finance and digital asset markets. We look ahead to a mixed entity rolling out best-in-class options.”
In regards to the Transaction
Upon completion of the Transaction, CoinAnalyst shall symbolize in mixture roughly three p.c (3%) of the issued and excellent frequent shares of the Ensuing Issuer and QuantGate shall symbolize roughly ninety-seven p.c (97%). Concurrent with the completion of the Transaction, the frequent shares of CoinAnalyst (the “Widespread Shares”) shall be consolidated on a foundation of 14.02 present Widespread Shares (the “Consolidation Ratio”) for 1 post-consolidation Widespread Share previous to closing (the “Consolidation”), such that there shall be roughly 6,046,018 frequent shares of the Ensuing Issuer (the “Ensuing Issuer Shares”) issued and excellent to the previous safety holders of CoinAnalyst upon the completion of the Transaction; and roughly 282,806,297 Ensuing Issuer Shares shall be held by the previous safety holders of QuantGate.
In reference to the getting into into of the Definitive Settlement, sure administrators, officers, and important shareholders of CoinAnalyst can even enter into lock-up agreements for a interval of six months.
CoinAnalyst will change its firm title to such title as QuantGate might decide which shall turn into efficient concurrent with the completion of the Transaction.
There are not any finders’ charge payable in reference to the Transaction.
At the side of the Transaction, QuantGate might full a personal placement to lift gross proceeds of roughly $5,000,000 (the “Personal Placement”). QuantGate anticipates utilizing the web proceeds of the Personal Placement to fulfill the enterprise improvement, working capital necessities of the Ensuing Issuer, and the event of the Firm’s entity, RockStock Equities Inc. The completion of the Personal Placement is presently not contemplated to be a closing situation of the Transaction.
About CoinAnalyst
CoinAnalyst supplies a synthetic intelligence-based huge knowledge analytics platform that allows buyers within the digital asset sector and different industries detailed AI-powered evaluation of market sentiment, fundamentals, and technical indicators. The platform displays and analyzes real-time knowledge from the digital asset market. The software program displays information sources, tracks influencers, scans on-line social media, and supplies sentiment evaluation, forecasted commerce alerts on the highest 300 digital belongings (extra are added recurrently). Moreover, the software program system supplies information, value quotes, and permits for messaging.
The SaaS platform is accessed via a month-to-month subscription mannequin, which ranges in value relying on whether or not the plan is fundamental, skilled, or company. To be taught extra about CoinAnalyst: www.coinanalyst.tech.
Vital Situations to Closing
The completion of the Transaction is topic to a variety of circumstances precedent, together with however not restricted to passable due diligence assessment, negotiation and execution of the Definitive Settlement respecting the Transaction and accompanying transaction paperwork, approval by the boards of administrators of every of the CoinAnalyst and QuantGate, approval of the shareholders of QuantGate (if mandatory) and the Firm, acquiring mandatory third get together approvals, Canadian Securities Trade (the “CSE”) acceptance, and completion of the Consolidation. There might be no assurance that the Transaction shall be accomplished as proposed, or in any respect.
Upon completion of the Transaction, it’s anticipated that the board of administrators of CoinAnalyst will resign, and QuantGate shall appoint a brand new board of administrators and administration of the Ensuing Issuer.
Additional Info
The monetary info of each corporations and the biographical info of the anticipated administrators and officers of the Ensuing Issuer shall be supplied in accordance with the insurance policies of the CSE in a subsequent press launch upon the entry of the Definitive Settlement.
In regards to the Firm
QuantGate Methods Inc. (OTCQB: QGSI) is a publicly-traded fintech firm working for over ten years, growing subtle Synthetic Intelligence (AI), Machine Studying (ML), and proprietary big-data processing algorithms and analytics to ship SaaS options and seamless API integration. Pilot Buying and selling (www.pilottrading.co) is a 100% wholly-owned subsidiary of QuantGate. Our core intelligence identifies funding alternatives throughout a number of asset courses, rooted within the monetary markets, and perfected for cryptocurrency exchanges, enabling our valued shoppers to make better-informed funding choices. Turnkey options and environment friendly APIs, based on strong and scalable SaaS structure, simply enable third get together integration for onboarding present customers and scaling globally.
ON BEHALF OF THE BOARD OF DIRECTORS
For added info on QuantGate Methods Inc., please go to the Firm’s web site at www.quantgatesystems.com, or go to social media: Twitter, Fb, and LinkedIn.
For additional info on Pilot, please go to www.pilottrading.co and join on Fb and Instagram.
Contact Info:
QuantGate Methods Inc.
Govin Misir, CEO & President
150 Bloor Road West, M103
Toronto, ON, M5S 1M4
E: Govin@QuantGatesystems.com
T: +1 (416) 580 8604
Ahead-Wanting Statements Disclaimer and Reader Advisory:
This press launch shall not represent a suggestion to promote or the solicitation of a suggestion to purchase securities nor shall there be any sale of securities in any state by which such provide, solicitation or sale can be illegal
This press launch incorporates “forward-looking statements” inside the that means of relevant securities legal guidelines. Ahead-looking statements might be recognized by phrases reminiscent of: “anticipate,” “intend,” “plan,” “finances,” “consider,” “mission,” “estimate,” “count on,” “scheduled,” “forecast,” “technique,” “future,” “seemingly,” “might,” “to be,” “might,”, “would,” “ought to,” “will” and comparable references to future intervals or the destructive or comparable terminology, in addition to phrases normally used sooner or later and the conditional. Examples of forward-looking statements on this information launch embody the: (i) the anticipated enterprise mixture of the Firm and CoinAnalyst ensuing within the Transaction; (ii) the bulk possession of the Ensuing Issuer by the QuantGate present shareholders; (iii) the negotiation of the Definitive Settlement; (iv) the enterprise match of CoinAnalyst and the Firm and the assorted components that CoinAnalyst brings to the desk; (v) the anticipated share construction and fairness possession percentages of the Ensuing Issuer; (vi) the growth of the Ensuing Issuer into the banking, finance companies, funds, and insurance coverage business; (vii) feedback by Mr. Misir associated to the anticipated mixture of the 2 corporations, and the ensuing synergies; (viii) feedback by Mr. Lauria associated to the product supply of the Ensuing Issuer and providing best-in-class options; (ix) the anticipated Consolidation of the Widespread Shares; (x) the entry of lock-up agreements by administrators, officers, and shareholders of CoinAnalyst and the change of title of CoinAnalyst; (xi) the anticipated Personal Placement and the accompanying phrases; (xii) the anticipated circumstances to the closing of the Transaction; and (xiii) the discharge of monetary and biographical info in a future press launch upon signing of the Definitive Settlement. These forward-looking statements are based mostly on assumptions as of the date they’re supplied, together with assumptions that the Transaction shall be consummated in accordance with the phrases of the LOI, a Definitive Settlement shall be reached, all circumstances of the Transaction shall be fulfilled, the execution of the enterprise methods by the administration of each corporations, the Ensuing Issuer realizing anticipated synergies, no adversarial regulatory modifications to the businesses’ industries, and common market and monetary financial stability, and that each one mandatory regulatory and shareholder approvals being obtained. Nonetheless, there might be no assurance that such assumptions will mirror the precise end result of such objects or components.
Moreover, there are recognized and unknown danger components that would trigger the Firm’s precise outcomes and monetary circumstances to vary materially from these indicated within the forward-looking statements. Due to this fact, you shouldn’t depend on any of those forward-looking statements. Vital danger components that would trigger precise outcomes and monetary circumstances to vary materially from these indicated within the forward-looking statements embody, amongst others: that regulatory approval, together with that of the CSE, will not be obtained; that the closing circumstances for completion of the Transaction are usually not happy; common financial, market and enterprise circumstances in Canada and globally; market volatility; administration’s incapability to implement its marketing strategy; unexpected delays within the timelines for any of the transactions or occasions described on this press launch; and the danger of regulatory modifications which will influence the enterprise of the Firm or CoinAnalyst. All forward-looking info is certified in its entirety by this cautionary assertion, and the Firm disclaims any obligation to revise or replace any such forward-looking assertion or to publicly announce the results of any revisions to any of the forward-looking info contained herein to mirror future outcomes, occasions or developments, besides as required by legislation.
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