The blockchain-based payments company – Roxe Holding – reportedly struck a $3.6 billion SPAC deal with Goldenstone Acquisition Ltd to become a publicly-traded enterprise with a ticker symbol “ROXE.”
NASDAQ’s Next Participant
Despite the unfavorable condition of the cryptocurrency market, Roxe Holding and Goldenstone Acquisition decided to enter into a $3.6 billion collaboration and join the online global marketplace as a combined entity.
According to a coverage by Reuters, upon closing the transaction, the newly formed organization will operate under Roxe Holding’s initials. The initiative still needs to be approved by stakeholders of Goldenstone and financial regulators.
It is worth noting that Roxe shareholders will roll 100% of their equity into the combined company, and there is no minimum cash requirement. Earlier this year, Goldenstone raised $57.5 million in its initial public offering (IPO), a small fraction of the billion-dollar deal.
Josh Li – Chief Business Officer of...
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