The number of Common Shares issuable pursuant to this acquisition, including pursuant to the Earnout, will be determined using the closing price of the Common Shares on the TSXV Venture Exchange (“TSXV”) on the 11 th day of trading of Bitcoin Well, or such other price as may be prescribed by the TSXV. In the event the negative shareholders’ equity of Ghostlab exceeds $1.8 million, the amount of the Earnout shall be reduced proportionately for every dollar of negative equity in excess of $1.8 million. Ghostlab was able to prove out the software concepts to the point where Bitcoin Well believes that the software development arm has been accordingly de-risked and it would be in the best interests of the Company for Ghostlab to be directly contributing to the service offerings provided by Bitcoin Well.ġ The share of the transaction, commission or subscription commission revenue earned by Bitcoin Well utilizing Ghostlab’s software regardless of whether the ATM machine or website was owned or operated by Bitcoin Well or a third party. On January 1, 2020, Bitcoin Well spun-out its proprietary software development arm to Ghostlab and Ghostlab rebuilt the existing software as well as developed Ghostlabs' proprietary ATM software that enables bitcoin to be more accessible and usable to the average person, but most importantly, makes it easier for operators to manage their businesses. Adam O’Brien and Dave Bradley (prior to his involvement with Bitcoin Well) co-founded Ghostlab in 2019. Ghostlab enables, or intends to enable, its customers to offer additional functionality within existing businesses, hardware, and platforms, and provides software which allows the operator’s users to access bitcoin. “When acquired, the Ghostlab division of Bitcoin Well will expand the future potential SaaS revenue stream for Bitcoin Well, including from ATM software, merchant services and additional crypto asset digital services.”īuilt by bitcoin entrepreneurs, for bitcoin entrepreneurs, Ghostlab works behind the scenes, building software solutions for innovative financial service providers and has been the trusted software provider to Bitcoin Well. “Bitcoin Well’s potential acquisition of Ghostlab will bring technology that makes bitcoin more accessible and user friendly for the general public,” said Julian Klymochko, Chairman of Bitcoin Well. (“Ghostlab”), a software company that designs and develops software to improve the functionality and accessibility of modern financial technology and services, including Bitcoin ATM machines. (TSXV: BTCW) (“Bitcoin Well” or the “Company”), a company offering convenient, secure and reliable ways to buy, sell and use bitcoin through a trusted Bitcoin ATM network and suite of web-based transaction services, is pleased to announce that it has entered into a share purchase agreement on Augfor the acquisition of Ghostlab Inc. 11, 2021 (GLOBE NEWSWIRE) - Bitcoin Well Inc. This is a program that will certainly be implemented into the daily routine.EDMONTON, Alberta, Aug. You can find Ghostlab at and get a more detailed look at it. This made for a very exciting moment in the QA Department. This enables you to view a website in any number of browsers/devices by only typing each URL once. The application creates a new URL that you can use in any browser, mobile included, and any move you make on the website in one of those browsers will affect every other browser in real time. We evaluated Adobe Edge Inspect and other tools, but ultimately decided Ghostlab was the best tool for the job. Our team needed an effective and efficient way to examine every supported platform. The time it takes to complete tasks such as inputting URLs and checking visuals only expands with the number of devices and browsers we support. When it comes to testing a website, specifically manual cross-browser testing, mundane tasks can slow you down. Save time by testing on several browsers at once with Ghostlab.
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