Net Savings Link (OTCPK:NSAV) agrees to acquire a 5% minority stake in Singapore-based Technicorum Holdings, a global investment and compliance business that specializes in digital assets. Under the terms of the deal, NSAV will acquire a 5% stake in Technicorum, with an option for an additional stake, putting Technicorum at a post-money valuation of $120M, the company says. Shares of NSAV gain about 20% out of the gate. In mid-December, Net Savings Link partnered with Technicorum to expand its blockchain presence.
