Valereum PLC (AQSE:VLRM, FRA:6TJ, OTCQB:VLRMF) said it has struck a confidential settlement with Blubird Global Inc, ending a dispute tied to its prior investment and replacing that exposure with a mix of equity and token consideration.
Under the agreement, Valereum will receive 504,824 common shares in Blubird, representing roughly 5.66% of Blubird’s fully diluted share capital. It will also receive 1.98 milllion BLU tokens, which are due to be released on a linear basis over the next 24 months.
The company said the deal resolves all matters relating to the earlier investment. It also tears up the previous investment agreements between the two parties and stands as a full and final settlement of all claims.
Valereum added that the settlement includes customary mutual releases and does not amount to any admission of liability. The group is focused on the tokenised digital markets sector.