07:08 AM EST, 02/03/2025 (MT Newswires) -- Eat & Beyond Global Holdings ( EATBF ) over the weekend said it will acquire Milo Media Technologies in an all-shares transaction valued at $2.8 million.

The company will issue 15 million shares at $0.185 each, along with 15 million two-year warrants to Milo Media. Each warrant can buy an additional share at $0.05.

Privately-held Milo Media has developed financial infrastructure technology designed to integrate digital assets with traditional financial networks.

"By acquiring Milo Media, Eat & Beyond hopes to strategically position itself at the forefront of blockchain-powered financial infrastructure," said Young Bann, CEO of Eat & Beyond. "This move is expected to cement our role as early adopters in the digital asset space, providing shareholders with exposure to the XRPL and Ripple while actively contributing to its expansion."