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Showing posts from January, 2018

Longfin Corp. Options Begin Trading on Nasdaq

New York, Jan. 30, 2018 (GLOBE NEWSWIRE) -- Longfin Corp. ("Longfin" or the "Company") (NASDAQ:LFIN), a  global FinTech company, has announced that its options have begun trading for February 16, 2018, March 16, 2018, June 15, 2018, and September 21, 2018 contract expiration, as reported on the Nasdaq Option Chain.

For more information, please visit http://www.nasdaq.com/symbol/lfin/option-chain?dateindex=-1
About Longfin Corp.

Longfin Corp (Nasdaq:LFIN) is a US-based, global Fintech company powered by artificial intelligence (AI) and machine learning. The Company, through its wholly-owned subsidiary, Longfin Tradex Pte. Ltd, delivers FX and alternative finance solutions to importers/exporters and SME's. Ziddu.com owned by the company is the only marketplace for smart contracts powered by Consensus Settlement Algorithm on Ethereum blockchain. Ziddu Ethereum ERC20 blockchain Token uses a technology stack in which Smart Contracts run in dist…

Multibillion Dollar Fund to Invest $52.7 million into Longfin Corp.

New York, Jan. 23, 2018 (GLOBE NEWSWIRE) -- Longfin Corp. (“Longfin” or the “Company”) (LFIN) a leading global FinTech company, has announced that the Company has entered into a securities purchase agreement with a multibillion dollar fund. The institutional investor is investing $52,700,000 through convertible note instruments (the “Notes”).  A press release regarding the transaction was previously issued prior to finalization of the documentation earlier today, and the Company is confirming the transaction is proceeding on the terms indicated below.   Joseph Gunnar & Co., LLC is acting as placement agent.

Key Transaction Details The Notes consist of (i) Series A Senior Convertible Notes in the aggregate principal amount of $10,095,941.18 and (ii) Series B Senior Secured Convertible Notes in the aggregate principal amount of $42,604,058.82. The nature of the investment will involve (i) an upfront cash payment in the amount of $5,000,000, and (ii) secured promissory notes payable …

Longfin Corp. Launches Commercial Ziddu Smart Contracts on Ethereum Blockchain

New York, Jan. 22, 2018 (GLOBE NEWSWIRE) -- Longfin Corp. (“Longfin” or the “Company”) (LFIN), a leading global FinTech company, has announced that its Ziddu Smart Contracts are commercially available on the Ethereum blockchain. Ziddu.com is an ERC 20 Ethereum-Blockchain-empowered Smart Contract provider, and it is currently the only marketplace for decentralized smart contracts. The Ziddu Ethereum ERC20 Blockchain Token implements a technology stack in which Smart Contracts run in distributed virtual machines, running on a Consensus Settlement Algorithm (CSA). There is public availability for the view of the open ledger, decentralized verification, transparent execution, and the result of contract execution. Ziddu Smart Contracts are currently available for Trade Finance and FX markets, and Longfin is preparing to launch Smart Contracts for bullion financing within the second quarter of 2018. There are subsequent plans to make the Contracts available for peer-to-peer lending, wareho…