METAXCHANGE.AI INVESTOR RELATIONS

MetaXChange.AI, Inc. (the "Company") is conducting a twenty-day (minimum) to sixty-day (maximum) Blind Reverse Auction for up to TEN PERCENT (10%) of its shares to be offered to the public through its upcoming Initial Public Offering.

​

Blind Reverse Auction Start date: WEDNESDAY, MARCH 15, 2024

First Closing: FRIDAY, JUNE 7, 2024

Latest Closing Date: MONDAY, JULY 15, 2024

Anticipated Capital Markets Listing Date: Summer / Fall 2024 (TBD)

 

In the Blind Reverse Auction process for the Company's Series "A" Convertible Preferred Shares (the "Preferred Shares"), the Company is not setting a price for the Preferred Shares being sold, but the Company's Board of Directors has decided on the number of Preferred Shares to be sold and the "asking price" per Preferred Share. 

​

During the Reverse Auction, Investors will submit "price bids" and the number of Preferred Shares the investor would like to purchase. After all of the Company's Preferred Shares being offered have been sold (or committed to), the Company will create a single list with the highest bid prices per Preferred Share at the top and the lowest bid prices per Preferred Share at the bottom. In the event that more Preferred Shares are sold than are offered, the Company will work down the list of the over sale starting at the highest bid price per Preferred Share buyer and working down the list until the desired number of Preferred Shares have been sold. 

​

DETAILS:

Through the Company's Blind Reverse Auction for Preferred Shares, the Company is auctioning 150,000 Preferred Shares, with an Asking Price of $50.00 USD per Preferred Share. (Note: the below example is for example purposes only, and does not represent any current bids of the Company's Preferred Shares):

​

Bidders:

Investor A: Places a bid for 25,000 Preferred Shares at $49.00 USD per Preferred Share

Investor B: Places a bid for 15,000 Preferred Shares at $48.00 USD per Preferred Share

Investor C: Places a bid for 35,000 Preferred Shares at $47.00 USD per Preferred Share

Investor D: Places a bid for 50,000 Preferred Shares at $46.00 USD Per Preferred Share

Investor E: Places a bid for 10,000 Preferred Shares at $45.00 USD Per Preferred Share

Investor F: Places a bid for 35,000 Preferred Shares at $44.00 USD Per Preferred Share

Investor G: Places a bid for 40,000 Preferred Shares at $43.00 USD Per Preferred Share

Investor H: Places a bid for 25,000 Preferred Shares at $42.00 USD Per Preferred Share

Investor I: Places a bid for 50,000 Preferred Shares at $41.00 USD Per Preferred Share

Investor J: Places a bid for 10,000 Preferred Shares at $40.00 USD Per Preferred Share

TOTAL: 295,000 BIDS

​​

Investments Automatically Accepted & Automatically Rejected:

Investor A: 25,000 Preferred Shares Automatically Issued at $49.00 USD Per Share ($1,225,000 USD)

Investor B: 15,0000 Preferred Shares Automatically Issued at $48.00 USD Per Share ($720,000 USD)

Investor C: 35,000 Preferred Shares Automatically Issued at $47.00 USD Per Share ($1,645,000 USD)

Investor D: 50,000 Preferred Shares Automatically Issued at $46.00 USD Per Share ($2,300,000 USD)

Investor E: 10,000 Preferred Shares Automatically Issued at $45.00 USD Per Share ($450,000)

Investor F: 15,000 (Partial Bid) Shares Automatically Issued at $44.00 USD Per Share ($660,000)

Investor F: Partial Bid of 20,000 Preferred Shares at $44.00 USD is Automatically Rejected

Investor G: Full Bid of 40,000 Preferred Shares at $3.00 USD is Automatically Rejected

Investor H: Full Bid of 25,000 Preferred Shares at $2.00 USD is Automatically Rejected

Investor I: Full Bid of 50,000 Preferred Shares at $1.00 USD is Automatically Rejected

Investor J: Full Bid of 10,000 Preferred Shares at $0.50 USD is Automatically Rejected.

​

The Company has broad discretionary authority over any bids and investments in the Company's Series A Convertible Shares in order to maintain the quality of Investors associated with the Company, the public confidence in the Company, as well as to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, and to protect investors and the public interest.

​

The Company may use such discretion to deny any bid of any Investor bidding on the Company's Series A Convertible Shares, apply additional or more stringent criteria, or suspend (or deny) any Investor based on any event, condition, or circumstance that exists or occurs that makes the proposed acceptance of such bid by an Investor as inadvisable or unwarranted in the opinion of the Company.

​

​