Bloomberg: CoinShares to merge and list in the United States at a valuation of $1.2 billion

BlockBeats News, September 8, cryptocurrency asset management company CoinShares International Ltd. has agreed to list in the United States through a merger with blank check company Vine Hill Capital Investment Corp., Bloomberg reported. According to a company statement, the deal valued CoinShares at a pre-merger valuation of $1.2 billion. CoinShares is known for its cryptocurrency exchange-traded products and currently manages approximately $10 billion in assets. The company's shares are currently publicly traded on the Stockholm Nasdaq Exchange and will apply for delisting from the Swedish Stock Exchange after the merger is completed. After the transaction is completed, the merged entity will be renamed Odysseus Holdings Limited (Holdco for short). The deal has received $50 million in common stock commitments from institutional investors and is expected to be completed by the end of the fourth quarter of this year.