Long Blockchain Corp. (NasdaqCM:LBCC) entered into a letter of intent to acquire Stater Blockchain Limited on January 16, 2018. The transaction is an all-stock deal. Long Blockchain Corp. would remain listed on the Nasdaq Capital Markets following the closing of the transaction. Ramy Soliman, Chief Executive Officer of Stater Blockchain has been appointed Director of Long Blockchain and Shamyl Malik, Chief Executive Officer of Long Blockchain has been appointed as a Director of Stater. Completion of the transaction is subject to the negotiation of a definitive merger agreement, satisfaction of the conditions negotiated therein and approval of the transaction by stockholders of Long Blockchain. Long Blockchain Corp. will seek stockholder approval in the second quarter of 2018, subject to SEC review of the proxy statement to be filed by the parties for the proposed transaction and will look to close the transaction shortly thereafter.