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Appleby says it advised on the Gnosis App spin-out from GnosisDAO
Appleby said it advised Gnosis App founder Deep Shah on the company’s spin-out from GnosisDAO, covering all Cayman Islands law aspects. The firm said the transaction completed in October after a DAO vote and approval earlier in the year, and valued Gnosis App at $10 million post-money.
Key points
- Appleby said the transaction included a share acquisition and SAFE investment by Gnosis.Appleby
- The firm said the deal also included intellectual property licensing arrangements.Appleby
- Appleby said Marsha Williamson led its technology team on the transaction.Appleby
- The firm said Peter Colegate handled intellectual property matters and Jared Awe handled corporate matters.Appleby