Ether Capital Corporation converts from a conventional reporting issuer into an exchange traded fund pursuant to its acquisition by Purpose Unlimited Inc.
Date Closed
June 14, 2024
Lead Office
Toronto
On June 14, 2024, Ether Capital Corporation ("Ether Capital") converted from a conventional reporting issuer into an exchange traded fund (ETF) pursuant to a Framework Agreement with Purpose Unlimited Inc. ("Purpose"), under which Purpose acquired Ether Capital’s non-Ether assets and management rights.
Ether Capital, headquartered in Toronto, Ontario, Canada, is a leading technology company and direct access point to Ethereum through the capital markets.
Purpose, headquartered in Toronto, Ontario, Canada, is a platform that gives entrepreneurs and small to medium-sized businesses the tools they need to innovate the next generation of modern asset management, wealth management and banking technology.
McCarthy Tétrault advised Ether Capital with a team led by Lori Stein (Securities Regulatory) and David Badour (Corporate/M&A) that included Mike Dolson and Joannie Marcoux (Tax), Matthew Sanders and Christopher Yam (Business), and Myriane Le Francois (Labour and Employment).
