SPAC Goldenstone Acquisition Limited (NASDAQ:GDST) and blockchain fintech Roxe Holding have mutually agreed to terminate their merger deal which had an estimated enterprise value of around $3.6B.
Goldenstone said in an SEC filing that the two companies entered into a termination agreement on Sept. 30.
Roxe Holding is a provider of blockchain-based payment solutions. The merger deal, which was expected to close during the first half of 2023, had pegged the estimated enterprise value of the combined company at around $3.6B, subject to adjustment based on a valuation that was being conducted by an independent investment bank.
Goldenstone held its initial public offering in March, raising around $58M.
Read Full Story: https://seekingalpha.com/news/3889332-spac-goldenstone-blockchain-fintech-rox...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...