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CRYPTO COMPANY BIGG Digital Assets to Acquire Metaverse Company TerraZero for Approximately $20 Million.
2023-08-25 12:40:16
Odaily News. Cryptocurrency company BIGG Digital Assets will acquire all preferred shares held by metaverse company TerraZero, for a consideration of 62 million BIGG common shares, valued at approximately $20 million. The final merger agreement has been signed. After the transaction is completed, existing shareholders of BIGG and TerraZero will respectively hold approximately 80% and 20% of the shares.



In Q1 and Q2 of 2023, TerraZero's total revenue was approximately $1.5 million, representing a year-on-year growth of 161%. TerraZero plans to expand its business footprint in the second half of 2023, focusing on the development of its proprietary and scalable Intraverse technology ecosystem, which is set to launch in Q1 of 2024. (GlobeNewswire)