Deal-making almost always leads to considerable attention for a company, and in light of the latest developments, it may be a good idea for investors to consider keeping an eye on the Blockchain Loyalty Corp. (OTC:BBLC) stock today. Yesterday, the company came into focus after it emerged that it had entered into an agreement to pick up a 20% stake in the Wyoming-based fintech firm Koilink Technologies Inc.
In the news release, the company noted that the agreement constituted a major move forward in its continued commitment to the creation of value and innovation. It was also noted that Koilink was at the vanguard of taking care of the important needs in the financial services space through state-of-the art technology. The technology is meant to improve the effectiveness and efficiency of investment matchmaking and capital raising. Koilink boasts a range of innovative products that could change the way in which brokers and issuers interact in the market.
In a move that would be aligned with the objectives of Blockchain Loyalty Corp., the board of directors of the company decided to’spin out’ Koilink into a distinct publicly traded company. The move from Blockchain Loyalty Corp. was a demonstration of the fact that the company was committed to unlocking the full value of the technology offered by Koilink for its shareholders.
Once the regulatory formalities are all completed, the common shares of Koilink will be listed on any one of the CBOE, CSE, or OTC markets. Owing to its 20% stake in Koilink, Blockchain Loyalty Corp. held 10,000,000 out of the 50,000,000 outstanding Class A common shares in the company. More importantly, in the news release sent out on Thursday, Blockchain Loyalty Corp. reiterated its commitment to promoting innovation and creating value for its shareholders.
 Stock On Watchlist After Strategic Acquisition and Corporate Developments){kind=link}