Exclusive-Blockchain payment company Roxe nears $3.65 billion SPAC deal-sources

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 66%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Blockchain payment company Roxe nears US$3.65 billion SPAC deal: Report

:Blockchain-based payments company Roxe Holdings Inc is nearing a deal to go public through a merger with blank check company Goldenstone Acquisition Ltd at a combined valuation of $3.65 billion, according to people familiar with the matter.

None of the Roxe investors plans to sell their stakes, the sources said. Goldenstone raised just $57.5 million in its initial public offering in March this year, a slither of the deal's value. A deal could be announced later on Tuesday, the sources said, requesting anonymity ahead of an official announcement.

Bitcoin fell below $20,000 on June 18 for the first time since December 2020. It has plummeted around 60 per cent this year. The overall crypto market has slumped to around $900 billion, down from a record $3 trillion in November.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Blockchain payment company Roxe nears US$3.65 billion SPAC deal: ReportBlockchain-based payments company Roxe Holdings is nearing a deal to go public through a merger with blank check company Goldenstone Acquisition Ltd at a combined valuation of US$3.65 billion, according to people familiar with the matter.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Blockchain payment company Roxe nears US$3.65 billion SPAC deal: ReportBlockchain-based payments company Roxe Holdings is nearing a deal to go public through a merger with blank check company Goldenstone Acquisition Ltd at a combined valuation of US$3.65 billion, according to people familiar with the matter.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »