19 April 2021 • 2 minute read
DLA Piper Canada advised Neptune Digital Assets on its $40 million institutional investment
On April 16, 2021, Neptune Digital Assets Corp. (TSX-V:NDA) (OTC:NPPTF) (“Neptune Digital Assets”) announced that it had closed a securities purchase agreement for a $40 million private placement of units with institutional investors. DLA Piper Canada advised Neptune Digital Assets on this transaction.
Neptune Digital Assets has a diversified portfolio of investments and cryptocurrency operations across the digital asset ecosystem including Bitcoin mining, tokens, proof-of-stake cryptocurrencies, decentralized finance (DeFi), and associated blockchain technologies. H.C. Wainwright & Co. acted as the exclusive placement agent for the private placement in the United States.
You can read more about this transaction here.
The DLA Piper Canada deal team in this transaction was led by Partner Denis G. Silva and included Graham H. Norris, Nahal Iranpour, Stephen Wintermute and Joe Furness.
