Valereum PLC (AQSE:VLRM, OTC:VBLXF), a company focused on digital assets, has announced a potential £13 million investment deal with DMC Markets, Inc., a significant step toward growing its global presence and technology capabilities.
The basics
Valereum plans to issue 130 million new shares at 10 pence each to DMC shareholders. This would make DMC shareholders owners of about 43% of Valereum’s shares. The funds raised will help Valereum expand its digital asset services, explore new markets, and invest in three strategic digital asset companies.
What’s in the deal?
DMC will transfer its rights to minority stakes in three companies specialising in blockchain and digital finance, giving Valereum:
- A larger presence in regions like Europe, North America, and South America.
- Opportunities to use innovative Web 3 technologies (a more decentralised internet) and advisory services.
- Access to advanced blockchain tools for areas like decentralised finance (DeFi) and asset tokenisation.
- These moves aim to boost Valereum’s technology, expand its reach, and drive long-term growth.
What happens next?
The agreement is still in the early stages. Both companies need to complete legal and financial checks and sign a formal deal, which is expected in January 2025. If the deal goes through, the new shares will have a 12-month restriction, limiting how quickly they can be sold.
Nick Cowan, Valereum’s CEO, said: "This potential deal represents a significant leap forward in Valereum's strategic scaling efforts, bolstering both our financial and technological capabilities to seize emerging market opportunities.
"In DMC, we have found a truly exceptional partner whose vision aligns seamlessly with ours, bringing a deep skill set and a shared commitment to innovation and growth.
"Together, we are poised to accelerate business expansion, underscoring our unwavering dedication to long-term shareholder value creation and transformative market impact."