Connect with us

Technology

Digital Arts Media Network Inc (OTCMKTS:DATI) Completes Acquisition of Equity Stake in truCrowd to Expand Accelerator Service Offerings

Published

on

Digital Arts Media Network Inc (OTCMKTS:DATI) has announced has signed an agreement with truCrowd that will see the former acquire 39.89% of the FINRA member crowdfunding portal which is also registered at SEC. Digital Arts Media Network is a specialized tech company with interests in the Public Accelerator-Incubator (PAI) model.

truCrowd is among the 38 croudfunding portals which are registered by FINRA.

truCrowd is one of the first crowd funding portals that have been registered with SEC. the portal was targeted by Digital Arts Media Network because its management has a long experience in the crowdfunding sector. The portal has around 6,000 registered users and has been very successful in meeting the capital targets of its clients. Additionally, truCrowd is strategically place to cause a positive impact in the business model of Digital Arts Media.

As part of the deal, Digital Arts Media has acquired a 19.9% stake in truCrowd which will vest for more than 6 months and there will be an option to buy an additional 19.99% equity stake. With this bold step, Digital Arts Media has placed itself in a better position to offer services to its customers, both development stage companies as well as startups. Additionally, Digital Arts Media has bolstered its value proposition to both angel investors as well as “disenfranchised investors”. This agreement has opened investment opportunities for development stage companies as well as startups.

Ajene Watson, the CEO of Digital Arts Media Network said a lot of tech startups are increasingly seeking alternative, faster ways of raising capital while at the same time maintaining some form of control and fully complying with all the securities laws. He added that this has been common especially with the increase in blockchain related projects and Digital Arts Media will be seeking to strategically position itself as the leader and champion of an evolving business environment.

Having the capacity and capability to leverage a FINRA member crowdfunding portal will give Digital Arts Media’s client-startups another source of capital in a much faster way. The truCrowd portal offers another readily available method of introducing a company plus its products to the market.

Advertisement src="//cdn.bannersnack.com/iframe/embed.js">
Advertisement
Advertisement

Title

INDUSTRIAL HEMP3 months ago

Near-Term Headwinds Hit Scotts Miracle-Gro Co (NYSE:SMG) With A Huge Impact

Bank of America Corp (NYSE:BAC) has disclosed that Scotts Miracle-Gro Co (NYSE:SMG) has lately been experiencing several near term risks....

INDUSTRIAL HEMP3 months ago

Argitek Holdings Inc (OTCMKTS:AGTK) To Focus On Acquisition, Revenues & Profitability In 2018

Argitek Holdings Inc (OTCMKTS:AGTK) recently revealed that in 2018, the company’s main focus will be the acquisition, revenues, and profitability....

INDUSTRIAL HEMP3 months ago

PharmaCyte Biotech Inc (OTCMKTS:PMCB) Completes Pore Size Studies & 29 Tests Useful In Pancreatic Cancer Therapy

PharmaCyte Biotech Inc (OTCMKTS:PMCB) has said that the cells it is planning to use in the clinical trial in patients...

INDUSTRIAL HEMP3 months ago

Puration Inc (OTCMKTS:PURA) To Apply For Canadian Recreational Cannabis Cultivation License; To Give EVERx CBD Sports Water Free Samples

Puration Inc (OTCMKTS:PURA) recently announced that it will be applying for the Canadian recreational cannabis cultivation license. The confirmation came...

INDUSTRIAL HEMP3 months ago

Marijuana Company Of America Inc (OTCMKTS:MCOA)’s JV Completes 10,000 Sq. Ft. Greenhouse Set up; Provides Update on Oregon Project

Marijuana Company Of America Inc (OTCMKTS:MCOA) recently announced that its Joint Venture with Bougainville Ventures Inc. based in Washington has...

INDUSTRIAL HEMP3 months ago

Lifestyle Delivery Systems Inc.(OTCMKTS:LDSYF)’s CSPA Group Inc. Receives 15000 Reveur Units & 300 Liters Distillates’ Purchase Orders In Two Different Deals

Lifestyle Delivery Systems Inc. (OTCMKTS:LDSYF) recently made two big announcements related to the receipt of two open purchase orders to...

INDUSTRIAL HEMP3 months ago

Viaderma Inc (OTCMKTS:VDRM) Provides Update On Its Flagship Product Vitastem; Signs $250,000 Agreement With Vage Nigeria Ltd.

Viaderma Inc (OTCMKTS:VDRM), a publicly traded specialty pharmaceutical company recently announced an update on the sales of its flagship product...

INDUSTRIAL HEMP3 months ago

Plandai Biotechnology Inc (OTCMKTS:PLPL) Phytofare Gaining Traction in International Markets

Plandai Biotechnology Inc (OTCMKTS:PLPL) recently issued an update following the successful launch of its Phytofare® supplement. Plandai Biotechnology is a...

INDUSTRIAL HEMP3 months ago

MassRoots Inc (OTCMKTS:MSRT) Issues 2018 Annual Shareholder Letter

MassRoots Inc (OTCMKTS:MSRT) has issued its 2018 Annual Shareholder Letter highlighting on its recent developments as well as its plans...

INDUSTRIAL HEMP3 months ago

Players Network (OTCMKTS:PNTV) Signs Binding Letter Of Intent To Acquire A 56,000-Square-Foot, Fully Operating Greenhouse Complex

Players Network (OTCMKTS:PNTV), a leading integrated and diversified cannabis holding company has announced that it has signed a binding Letter...

Advertisement
Advertisement
Advertisement