Calvin Ayre, the owner of approximately 38.5% of the outstanding common shares of the company, agreed to acquire the remaining 61.5% stake in TAAL Distributed Information Technologies, a blockchain services provider, for $27m. “After careful deliberation, the Special Committee considers that the Transaction represents the best available path forward for the company and its shareholders in the current circumstances. The company will require access to significant additional capital in the near future to continue its operations, and the Special Committee noted the challenging market environment for obtaining any equity financing, and the uncertainty and cost that would be associated with obtaining any available debt financing. The Transaction will provide the shareholders with immediate and certain cash value in these current market conditions, while providing the company with additional flexibility to operate as a private company in the hands of a committed long-term investor," Deborah Rosati, TAAL Director and Chair of the Special Committee.