KryptoBank Co. entered into a share exchange agreement to acquire W Technologies, Inc. (OTCPK:WTCG) in a reverse merger transaction on June 14, 2021. Pursuant to the share exchange agreement, W Technologies will acquire 100% of KryptoBank's issued and outstanding common stock in exchange for the issuance by W Technologies of common stock representing 90% of W Technologies' issued and outstanding common stock.

The transaction is subject to all necessary approvals from all required authorities, approval of Boards of Directors of W Technologies and KryptoBank, completion of W Technologies' due diligence investigation of KryptoBank and completion of KryptoBank's due diligence investigation of W Technologies. The transaction is expected to close on July 31, 2021. Laura Anthony of Anthony L.G., PLLC acted as legal advisor to W Technologies.