AlphaTON Capital has signed an Equity and Token Investment Agreement with Animoca Brands, intending to acquire a controlling stake in GAMEE.

BlockBeats News, October 1st, Animoca Brands announced that it has entered into an equity and token investment agreement with the Nasdaq-listed TON Treasury company AlphaTON Capital, whereby AlphaTON Capital intends to acquire a controlling stake in Animoca Brands' wholly-owned subsidiary GAMEE.

According to the terms of the letter of intent, AlphaTON Capital intends to acquire 51% of GAMEE's equity and 51% of the GAMEE (GMEE) and Watcoin (WAT) tokens held in GAMEE's treasury. Following the proposed transaction, AlphaTON Capital plans to purchase GMEE tokens worth up to $3 million and WAT tokens worth up to $1 million on the open market to enhance its digital asset portfolio.