Intchains Expands WEB3 Presence, Acquires Goldshell Assets

Intchains Group Limited (Nasdaq: ICG) (“Intchains,” “we,” or the “Company”), a provider of integrated solutions consisting of high-performance computing ASIC chips and ancillary software and hardware for blockchain applications, today announced it has entered into an asset acquisition agreement, or the Agreement, with a Singapore-based company, GOLDSHELL PTE. LTD., or the Seller, to purchase certain assets used in the Seller’s operation of its Goldshell WEB3 infrastructure brand, or the Goldshell brand.
 
Pursuant to the Agreement, Intchains intends to purchase from the Seller all the intellectual property, information and technical materials used in operating the Goldshell brand, which primarily include (i) all trademarks and related materials (including application documents) used in operating the Goldshell brand; (ii) all websites, applications, and lawful rights and control over the above-referenced websites and applications; and (iii) ownership and management rights of all accounts used in operating the Goldshell brand. Intchains will pay the Seller US$550,000 in cash as consideration for such acquisition. The acquisition is expected to be completed by the end of the first quarter of 2024, subject to the satisfaction of customary closing conditions.


​Source: Yahoo Finance