Vancouver, British Columbia, March 31, 2022 (GLOBE NEWSWIRE) — Pioneer Media Holdings Inc. (NEO: JPEG, AQSE: PNER) (“Pioneer” or “society“) Is Crowdform Ltd. (“”Cloud form”), A London-based web3 venture builder, a digital product studio focused on games and products related to web3.
Crowdform is a leading digital product and venture activation studio that creates innovative platforms, apps and websites for global brands and startups. Founded by Ewan Collinge and Léo Mercier, Crowdform is built by a team of designers, developers and strategists who bring powerful digital products to life. Their unique experience of building user-centered products and accelerating corporate growth will be an asset for pioneers in this area and pioneers as leading web3 technology incubators. Crowdform has a globally recognized and established client list. This includes Pit (popular NTF games) Applied Blockchain, RedBull and Sony.
Pioneer’s mission is to build a comprehensive web3 ecosystem, and Crowdform will be the backbone of the entire network. As part of its strategic growth plan, Pioneer recently made several significant acquisitions of NFT and web3 assets. Having an in-house digital product studio is a complete ecosystem of these assets and companies. Collinge and Mercier continue their current position at Crowdform, and their leadership and expertise are invaluable to Pioneer’s success.
Pioneer CEO Mike Edwards comment,”The acquisition of Crowdform is the largest acquisition to date and is a very important part of our growth strategy. Having a unique digital product studio and Léo and Ewan expertise means that you can create and develop your own web3 assets, support NFTs and gaming portfolios and advance a comprehensive ecosystem. Means. We have established the pillars that underlie our business, and Crowdform is a stepping stone to bring everything together. Now that we’ve built the framework, it’s time to run it. I was not satisfied with the progress made in a short period of time, including graduating from the NEO exchange. As the industry evolves and matures, we look forward to adding significant shareholder value. “
Crowdform co-founder Ewan Collinge comment“Joining the Pioneer Group is a new and exciting chapter in the history of Crowdform. We have always considered the future of the company to be a venture builder. Pioneer along with other talented companies in the group. The opportunity to realize the vision is very exciting. We already have the first venture in the pipeline and so far have been greatly encouraged by the clarity and speed of work by Mike and other leaders within Pioneer. Léo, I, and our team hope to form part of the web3 infrastructure and shape the future of areas such as games, NFT, and payments, building an ecosystem of products. looking forward to it.”
Under the terms of the acquisition, the pioneers were Mr. Collinge and Mr. Mercier (collectively, “vendor”), Pioneer’s arm-length party. In return, Pioneer paid approximately £ 601,994 (C $ 987,968) in cash at the time of closing and £ 500,000 (C $ 820,580) six months later. Vendors will also receive a total of 4,460,303 shares of Pioneer Common Stock in accordance with the policies of the NEO Exchange. The consideration shares are issued in four equal tranches every six months from closing and are subject to a four-month hold period from issuance.
In addition, with respect to Pioneer’s wholly owned subsidiary of which Crowdform provides all or substantially all software development services, Pioneer grants that subsidiary incentive stock options or other stock compensation to Crowdform’s directors, officers and employees. Let me. Alternatively, the consultants selected and determined by the then directors of Crowdform will be up to 20% of the then accrued capital of such subsidiaries.
The board members of the Company are solely responsible for this announcement.
About Pioneer Media Holdings
Pioneer is a technology incubator that creates a complete Web3 ecosystem focused on NFTs, NFT gaming, DAOs and tokenized communities. Pioneer’s experienced management leverages its global network and expertise to provide investors with direct access to the portfolio of innovative early to medium-sized growth companies in this area.
Additional information about Pioneer is available at the following URL: www.p10neer.com Also www.sedar.com..
On behalf of Pioneer Media Holdings
CEO and director
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We determine that the information contained in this announcement constitutes internal information as set forth in Market Abuse Regulations (EU) No. 596/2014. When this announcement was published through the Regulatory Information Service, this insider information was now considered in the public domain.
The specific statements in this release are forward-looking statements and reflect management’s expectations regarding the matters contained herein. The forward-looking statement consists of purely non-historical statements, including the statement regarding payment of consideration for the acquisition of CloudForm above. Such statements are subject to risks and uncertainties where actual results, performance, or development may differ materially from those contained in the statements. There is no guarantee that the forward-looking statements will cause or will benefit from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates, and assumptions that may turn out to be inaccurate. Due to many risks and uncertainties, our actual results may differ materially from those expressed or implied by forward-looking statements, including factors beyond our control. These forward-looking statements have been made as of the date of this news release.
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Pioneer has completed the acquisition of Crowdform, a leading digital product studio and web3 venture builder. CanadianBusinessJournal
Source link Pioneer has completed the acquisition of Crowdform, a leading digital product studio and web3 venture builder. CanadianBusinessJournal