Spirit Blockchain Acquires Troon Technologies, Propelling Industry Innovation and Growth By CIOTechOutlook Team

Spirit Blockchain Acquires Troon Technologies, Propelling Industry Innovation and Growth

CIOTechOutlook Team | Saturday, 17 June 2023, 02:16 IST

The signing of a non-binding letter of intent contemplating the acquisition of Troon Technologies by Spirit Blockchain Capital Inc, a prominent digital asset investment company, and Troon Technologies, a renowned provider of technology solutions, represents an important step in their joint pursuit of market-beating innovation and expansion.

"We are thrilled to announce the signing of this letter of intent with Troon Technologies," said Lewis Bateman, CEO of Spirit. "This LOI serves as a crucial step in establishing a mutual understanding and will pave the way for our successful negotiation and execution of the purchase agreement. This strategic partnership will amplify our combined strengths, positioning us at the forefront of the digital asset and technology sectors."

"Troon Technologies is pleased to announce the signing of this letter of intent with Spirit Blockchain Capital," stated Paul Dubé, Troon Technologies' Co-Founder and Managing Partner. "This merger represents a strong alignment and steps toward an acquisition, and thus represents a significant milestone in Troon Technologies' growth strategy, allowing us to expand our offerings to empower the Spirit ecosystem. We are thrilled to incorporate Troon Technologies' comprehensive services and cutting-edge technology into the Spirit portfolio, offering customers even more advanced solutions to meet their expanding demands. We are committed to providing exceptional value to our clients, and this acquisition exemplifies that commitment.”