Relay Ventures had recently announced the purchase of 35,937,500 Class A shares for theScore Inc. The price per share is US$0.16 and this was the price pegged of previously announced private placement offers to its partners BlackBerry Partners Fund II LP and BlackBerry partners Parallel Fund II LP.
The acquired share volume represents 18.4% of the outstanding class A shares. This was the first time Relay Ventures had owned shares or any other securities of theScore and is meant for investment purposes only. There is no intent to acquire ownership of or control or direction over any other shares of theScore.
The company is a venture capital firm focusing on early stage developments in mobile technologies. Relay focuses exclusively on software for mobile devices and those connected to the Internet that would allow the creation of a set of networks and resources that tangibly help its founders to create world class companies.
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