TechFlow, September 8 — According to Globe Newswire, European digital asset management firm CoinShares announced a proposed business combination with special purpose acquisition company Vine Hill Capital and newly formed Odysseus Holdings. The plan aims to transfer its listing from Nasdaq Stockholm to Nasdaq or another U.S. exchange. The transaction values CoinShares at approximately SEK 1.13 billion (about USD 120 million), representing a 30.6% premium over its closing price on September 5.
Upon completion of the transaction, existing CoinShares shareholders will receive between 78.4% and 91.6% of the shares and voting rights in Odysseus Holdings. Concurrently, CoinShares plans to raise USD 50 million through a private placement at USD 10 per share.
