Heads of Terms Signed for the Proposed Acquisition of Kingbridge Capital
Vault Ventures PLC (AQSE: VULT), the London-based blockchain and fintech company, has announced it has signed an agreement to acquire Kingbridge Capital as part of its expansion strategy.
The proposed all-share transaction would value Kingbridge at approximately £750,000, based on a price of 0.0225p per Vault share.
The acquisition is expected to provide Vault with in-house crypto asset custody and execution capabilities, along with access to Ethereum (ETH) and around £375,000 in cash assets.
“As the ability to generate yield from BTC, ETH and Solana through institutional-grade strategies becomes increasingly important to our treasury approach, we believe the acquisition of Kingbridge could enhance our current model by adding a complementary yield layer,” said Vault chair Brian Stockbridge.
Vault shares were trading at 0.0175p on the Aquis Exchange.
