XY – the Findables Acquires Parallel Holding Company Inc.

XY – the Findables Company

Represented Stradling client XY – the Findables Company in connection with an acquisition of substantially all of the assets of Parallel Holding Company Inc. in exchange for equity in XY and ETH.

Parallel Holding Company develops a cryptocurrency-based game known as “LayerOne” in which players can claim and sell “digital land” on an open peer-to-peer digital land market.

The San Diego-based team representing XY included Amit Singh and Peter HongRyan Gaglio (Newport Beach) advised on tax matters.