YAHOO FINANCE - DatChat, privacy-focused social media, has signed a Letter of Intent to acquire Avila Security, effectuating the Company to secure four issued patents and two pending applications, subject to customary closing conditions. The transaction terms include $1M in cash and the greater of 739,650 shares of restricted common stock or $2.5M of restricted common stock [of DatChat] based on the previous 30-day average closing share price at closing.
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