Blockhain-based payments firm Roxe Holding said on Tuesday that it will list on the Nasdaq exchange through a $3.6 billion deal.
The firm said it has entered an agreement with special purpose acquisition company (SPAC) Goldenstone Acquisition Ltd, through which it will pursue the listing.
The merged firm will have a combined enterprise value of about $3.6 billion, Roxe said in a press release. Upon closing of the transaction, the merged entity will operate as Roxe, and will be listed on the Nasdaq under the ticker ROXE.
The firm offers payments services through blockchain technology, and services both business-to-business and business-to-customer clients.
Roxe shareholders have no intention of selling their stake
A report from Reuters, citing insider sources, says that none of Roxe’s current stockholders intend to sell their holdings after the merger. Roxe said on Tuesday that certain shareholders will also potentially receive earnouts if the listed share price meets certain targets.
