TradeWindow Holdings Limited (NZX:TWL) has entered into a heads of agreement with nChain, a world leader in Web3 and enterprise blockchain technology, for a $11.1 million investment into TradeWindow.
The investment includes cash of $2.4 million and market-ready product and services to the value of $8.7 million.
The partnership would also provide TradeWindow with additional expertise, intellectual property and access to new markets, with nChain becoming a 19.99% holder in TradeWindow by way of ordinary shares at an issue price of $0.3952 per share.
The agreement is subject to shareholder approval and the terms of a long-form agreement, yet to be finalised.
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