GammaRey Announces Liquidity Event for its Blockchain Portfolio Investment Valued at $93 million Based on Mark to Market Price

GammaRey, Inc. announced a liquidity event of the sale of its thirty percent (30%) equity stake in Carbon Zero Asset Management, Inc to Freedom Holdings, Inc., a Delaware corporation. GammaRey is a global fintech company specializing in the disruption of the traditional banking structure, revolutionizing the industry through the implementation of blockchain technologies. GammaRey see’s this as a major first step towards monetization of its platform.

Carbon-Zero is a privately-owned fintech company driven by Ethereum based blockchain technology to the carbon credit markets using fungible tokens and smart contracts. Carbon-Zero aims to bring carbon credits more fidelity, transparency, accessibility, liquidity, and standardization. Carbon-Zero is building a programmable carbon ecosystem that will allow carbon credit market participants a tokenization process to digitize carbon credits securely. The ecosystem will include the minting and burning protocols, a transparent mechanism for validating and distributing tokens, a trading venue for tokens, and tools to engage all stakeholders, including the carbon credit originators, offsetters, project verifiers, liquidity providers, NGOs, concerned citizens, and governments.

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Carbon-Zero sold 100% of the issued and outstanding equity to Freedom Holdings, Inc. (FHLD). As a result of the transaction, FHLD issued 93,501,819 of its common stock to GammaRey, valued at $93.5 million based on the closing price as of December 31, 2021.

“As the founding member and strategic investor in Carbon-Zero, we are delighted on the recent acquisition and liquidity of our stake,” quoted Tim Alford, Co-Founder and Chief Commericialization Officer of GammaRey, Inc. “The momentum we created is exciting and puts GammaRey in a strong financial position for our expected NASDAQ IPO in 2022. We look forward to Carbon-Zero executing its business plan in the rapidly growing voluntary carbon credit market, which in turn will not only enhance our current valuation but strengthen our balance sheet considerably.”

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