Eat & Beyond's Strategic Move: Acquisition of Milo Media Technologies
Eat & Beyond's Strategic Acquisition of Milo Media Technologies
Eat & Beyond Global Holdings Inc. (CSE: EATS) (OTCPK: EATBF) (FSE: 988), an innovative investment issuer, has achieved a significant milestone with the acquisition of 100% of the issued and outstanding common shares of Milo Media Technologies Inc. This strategic move is expected to enhance Eat & Beyond's position within emerging markets.
Details of the Transaction
As outlined in the Definitive Agreement associated with this transaction, Eat & Beyond has issued 15,000,000 common shares to Milo shareholders, valued at $0.185 each. In addition, 15,000,000 common share purchase warrants, known as Replacement Warrants, were provided to facilitate the transition from Milo's previous warrant holders. These Replacement Warrants allow holders to purchase shares at an exercise price of $0.075 per share.
Interestingly, there are no statutory hold periods imposed on these Payment Shares or Replacement Warrants; however, a voluntary hold has been established. Following the filing of a Business Acquisition Report (BAR), 10% of the Payment Shares will become readily tradable, while the remaining shares will experience a four-month hold period.
Why This Acquisition Matters
The acquisition marks a key moment for Eat & Beyond, granting them a first-mover advantage in the XRPL ecosystem as a publicly traded company. Milo Media’s financial infrastructure solutions equip Eat & Beyond to engage with the XRP network, paving the way for potential increased value generation through network growth.
CEO Young Bann highlighted the company's commitment to utility within the emerging digital landscape, saying, "With the acquisition complete and Liquid Link officially launched, we’re entering a new era… the XRP Army has always believed in utility. Now, we’re helping deliver it." This reflects the company’s determination to facilitate innovative customer interactions within the XRPL framework.
Introduction to Liquid Link and Its Goals
Milo Media, now operating under the name Liquid Link, is dedicated to maximizing the capabilities of the XRP Ledger (XRPL). Their platform, Xrpfy, is an advanced discovery and analytics tool designed for the Web3 ecosystem. Users will be empowered to:
Explore and Discover with Xrpfy
- Search for real-world assets, stablecoins, and various Web3 tokens on the XRPL.
- Identify cost-efficient trading routes and uncover arbitrage opportunities within the decentralized exchange (DEX).
- Navigate the XRPL independently as Liquid Link offers analytics and tools without mediating trades or holding funds.
Future developments for Liquid Link include the integration of AI capabilities, further enhancing user interactions and experience.
Pursuing Multi-Chain Futures
Liquid Link is not stopping at the XRP Ledger; their vision encompasses the development of tools for multiple blockchain ecosystems such as the Lightning Network, the Liquid Network, RGB, and Taproot Assets. Additionally, they are assessing support for Axelar and broader Web3 environments.
These initiatives are expected to promote enterprise-level acceptance of RWAs, stablecoins, and Web3 applications, driving growth in the decentralized market.
The Potential Market Landscape
The global tokenized assets market, ranging from real estate investments to carbon credits, is projected to exceed $16 trillion by 2030, showcasing a monumental growth opportunity for companies like Eat & Beyond. The XRP Ledger is well-positioned to harness this growth, providing the infrastructure for Liquid Link’s innovative platform to be the gateway to this new digital future.
Looking Ahead: Important Launches
The Xrpfy platform is currently under active development and is expected to launch by the end of the second quarter of 2025, paving the way for broader access to its features and utilities.
Getting Involved
To stay updated on Liquid Link’s progress and opportunities for partnerships, interested parties are encouraged to visit www.liquidlink.ai and explore the potential of engaging with this pioneering platform.
Eat & Beyond’s Promising Future
As Eat & Beyond continues its mission to invest in and commercialize innovative technologies across food tech and sustainability sectors, this recent acquisition positions them firmly in the blockchain technology space, enhancing avenues for growth and development.
Frequently Asked Questions
What is the significance of Eat & Beyond acquiring Milo Media?
The acquisition positions Eat & Beyond as a first-mover in the XRPL ecosystem, allowing them to leverage Milo’s financial solutions for significant growth.
What benefits do Payment Shares and Replacement Warrants provide?
The Payment Shares offer equity in Eat & Beyond, while the Replacement Warrants allow investors to purchase additional shares at a favorable price.
What is Liquid Link?
Liquid Link is the new trade name for Milo Media, focusing on providing analytics and tools for the XRP Ledger's Web3 environment.
How will Liquid Link enhance user interactions on the XRPL?
Liquid Link’s Xrpfy platform aims to empower users with comprehensive analytics, enabling independent navigation of trading opportunities.
When is the Xrpfy platform expected to launch?
The launch of the Xrpfy platform is anticipated by the end of the second quarter of 2025, ushering in new functionalities.
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