Infrax Systems (IFXY) Merges with Cryptocurrency Corp – Cryptocurrency Corp to Invest in Crypto Assets, Provide Blockchain Technology Consulting & ICO Services




Saint Petersburg, FL, Nov. 20, 2017 (GLOBE NEWSWIRE) — Infrax Systems (OTC:IFXY), a global provider of Internet of Things, Blockchain development and ICO consulting, announces today that on November 7, 2017, Infrax implemented a holding company reorganization pursuant to the Agreement and Plan of Merger (the “Merger Agreement”), dated as of November 1, 2017, among Infrax, Crypto and Crypto SUB Inc., a Nevada corporation (“Merger Sub”), which resulted in Crypto owning all of the outstanding capital stock of Infrax. Pursuant to the Crypto Merger, Merger Sub, a direct, wholly owned subsidiary of Crypto and an indirect, wholly owned subsidiary of Infrax, merged with and into Infrax, with Infrax surviving as a direct, wholly owned subsidiary of Crypto. Each share of each class of Infrax stock issued and outstanding immediately prior to the Crypto Merger automatically converted into an equivalent corresponding share of Crypto stock, having…


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