Convert eligible THRT into wTHRT-EQ common stock
Revix Technologies, Inc. is preparing a limited pilot that would allow eligible, verified THRT holders to tender THRT in exchange for restricted common stock represented on-chain by wTHRT-EQ.
THRT price is calculated from the VIRTUAL-denominated FDV and total supply reported by Virtuals, converted using the current VIRTUAL/USD rate. Market data may be delayed, incomplete, or affected by low liquidity. The final conversion ratio will be fixed in the applicable offering documents and will not necessarily equal the live spot calculation shown here.
Preliminary pilot terms
These terms describe the proposed structure. Final terms remain subject to board approval, legal review, eligibility requirements, and formal offering documents.
Board-selected preliminary issuance price per share.
Common shares proposed for the initial holder pilot.
Maximum shares per verified beneficial owner.
Based on $7.50 across 100,000 authorized common shares.
Why start at $7.50 per share?
Revix is using a conservative preliminary price for the pilot rather than pricing common stock solely from THRT’s short-term market activity. At 100,000 authorized common shares, $7.50 establishes a $750,000 fully diluted reference basis.
The price reflects an early-stage discount for illiquidity, transfer restrictions, execution risk, and the absence of a public market for Revix common stock. It is also below Revix’s internal estimate of the replacement value of its infrastructure and intellectual property. That internal estimate is not an independent appraisal.
What one wTHRT-EQ represents
The intended structure is one wTHRT-EQ token for each whole share of restricted Revix Technologies, Inc. common stock issued and recorded on the corporation’s official stock ledger.
wTHRT-EQ is not intended to replace THRT. THRT remains the ecosystem utility token. wTHRT-EQ would represent equity and would be subject to securities laws, transfer restrictions, corporate records, and the rights stated in the final governing documents.
THRT conversion estimator
Enter a requested share amount to estimate how much THRT would be required at the current displayed market price.
Proposed conversion process
The process is designed to keep identity, eligibility, corporate ownership records, and on-chain representation synchronized.
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1
Submit pre-allocation KYC
Provide identity, contact, wallet, jurisdiction, and requested allocation information.
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2
Eligibility review
Revix reviews KYC, beneficial ownership, jurisdiction, offering eligibility, and available allocation.
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3
Accept final terms
Approved participants receive the final ratio, disclosures, transfer restrictions, and conversion agreement.
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4
Issue and record shares
After accepted THRT is received, Revix updates its stock ledger and issues the corresponding restricted wTHRT-EQ.
Frequently asked questions
- Is the conversion open now?
- No. The current form is for pre-allocation KYC and expression of interest. Revix will provide final terms and eligibility information before accepting THRT.
- Does completing KYC guarantee shares?
- No. KYC does not guarantee eligibility or allocation. Requests remain subject to legal review, available shares, final documentation, and acceptance by Revix.
- Why can the estimator change?
- The estimator uses public market data reported by Virtuals. THRT’s price can change, and thin liquidity can make spot prices unreliable. The final program will use a fixed conversion ratio for a stated period.
- Can wTHRT-EQ be freely traded?
- No such promise is being made. The shares and tokens are expected to be restricted and transferable only when permitted by applicable law and Revix’s governing documents.
- Will holders receive dividends?
- Only if and when Revix’s board lawfully declares a dividend. No dividend, liquidity, resale price, or return is guaranteed.
- Who operates this pilot?
- The proposed equity pilot is operated by Revix Technologies, Inc. It is separate from the Perkins Cybersecurity Educational Fund and its nonprofit activities.