Mocaverse - SAFE

Animoca Brands Corporation Limited, the company advancing digital property rights for the open metaverse, today announced an additional tranche of funding of US$10 million for Mocaverse. This funding tranche included participation from OKX Ventures, CMCC Global, HongShan (formerly Sequoia China), Republic Crypto, Decima Fund, Kingsway Capital and others, with the purpose to fast-track and scale Mocaverse's operations in the context of the project's considerable growth since its initial fundraising. 

Animoca Brands is issuing Simple Agreements for Future Equity (SAFEs) with various sophisticated and professional investors to raise a total of US$10,000,000 (approximately. A$15.4 million) at the price of A$4.50 per share. The SAFEs will be automatically converted to ordinary shares after six months. The number of new shares to be issued will be determined by the AUD:USD exchange rate at the time of settlement. The Company's number of current outstanding fully paid ordinary shares is 1,923,933,217. As part of the raise, the Company has granted to participating investors a free-attaching utility token warrant on a 1:1 dollar basis with a 30-month vesting schedule, priced at US$0.113 per token based on a fully diluted value (FDV) for MOCA Coin of US$1 billion.