In a move that will strengthen both companies, Valereum Blockchain has announced today its newly-signed agreement to acquire Juno Group of Companies (Juno).
The company aims to expand its global presence through the recent acquisition. This can be seen as an example of how they are going above and beyond what would have been expected from them, given that it has increased their ability by many folds in this area!
The business is looking forward with great anticipation to all opportunities like these which will help solidify themselves as a leader within their field while also increasing revenue streams exponentially over time due both factors working synergistically together.
Valereum Blockchain is acquiring a London-based business for £850,000. The company will hand over half (£500,000) of this amount in cash and the other half through an initial coin offering (ICO).The deal includes both fiat currency as well as digital assets that can be stored on blockchain wallets.
The finishing amount (£350,000) will be paid in Valereum shares at the prevailing share price on the one-year anniversary of completion. Once the deal is completed, Alan Gravett of Valereum will take over as Chairman of Juno.
Completion of the acquisition is subject to satisfying certain conditions, which includes approval by the Gibraltar Financial Services Commission. If it’s given a green light, this will mark another win for Valereum Blockchain as we continue our march towards world domination!
In his official statement, Chairman of Valereum, Richard Poulden, said, “This acquisition is an important part of building the Valereum Bridge to provide a fully regulated link between the fiat and crypto worlds and complements the Company’s efforts with respect to the Gibraltar Stock Exchange. The planned shortening of our name in January 2022 to Valereum Plc reflects the continued broadening of Valereum’s activities and the global vision of its management.”
The company is looking to expand its business activities and has decided that they want a new name for their ticker symbol. The upcoming Extraordinary General Meeting of shareholders on 20 January 2022 will propose changing the name from Valereum Blockchain Plc (VBL) into Valereum plc which represents all things enterprise within this crypto startup!
Valereum’s announcement was full of interesting information about the company’s future plans. One thing that caught our eyes was how they mentioned Alan Gravett, who will become Chairman after this deal finishes up in a few weeks time and has a strong history within his field – he knows what needs doing!
The outgoing Chair and majority shareholder at Juno, Russell Johnston, made the following comment, “The excellence of Juno’s staff and the global reach of its fund and fiduciary client base made it a compelling fit for Valereum’s growth plans. In agreeing to this acquisition, Juno has ensured that its clients and employees alike will benefit from being part of a large, growing, and ambitious financial services group.”