European Crypto Giant CoinShares Plans US Market Entry with $1.2B Merger [Yahoo! Finance]
Vine Hill Capital Investment Corp. - Unit (VCICU)
Company Research
Source: Yahoo! Finance
business combination agreement with Vine Hill Capital Investment Corp., a special purpose acquisition company, that will result in the European asset manager listing on the Nasdaq Stock Market in the United States. The transaction values CoinShares at $1.2 billion on a pre-money basis, positioning the company as one of the largest publicly traded digital asset managers globally. The merger is supported by a $50 million anchor investment from an institutional investor. Strategic Move to Capture US Market Opportunity The deal enables CoinShares to transition its listing from Nasdaq Stockholm to the US market, where over half of global assets under management are located. CoinShares currently manages approximately $10 billion in assets and ranks as the fourth-largest global provider of crypto exchange-traded products after BlackRock Grayscale , and Fidelity In Europe, CoinShares holds the number one position with a 34% market share. The company has experienced significant growth,
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News
- CoinShares pulls plug on select crypto ETFs ahead of U.S. listing [BNN Bloomberg (Canada)]BNN Bloomberg
- CoinShares to Go Public in U.S. Through $1.2B SPAC Deal With Vine Hill [Yahoo! Finance]Yahoo! Finance
- CoinShares Targets U.S. Scale via $1.2B SPAC – Nasdaq Debut in Sight [Yahoo! Finance]Yahoo! Finance
- Statement by the Board of Directors of CoinShares regarding the joint merger plan with Odysseus Holdings, Vine Hill Capital Investment Corp., Odysseus Holdings Limited and others [Yahoo! Finance]Yahoo! Finance