Vemanti Group, Inc. (OTCPK:VMNT) entered into a definitive agreement to acquire 20% stake in Fvndit, Inc. on July 10, 2018. The consideration will be paid in cash and stock. The transaction is subject to conditions on agreement of closing documentation, verification of all records, confirmation of the transferability of ownership, shareholders approval, Board approval and regulatory approval. The transaction is expected to be closed in third quarter of year 2018.