Valereum PLC - focused on tokenised digital markets as an exchange and marketplace operator - DMC Markets subscribes for £13 million worth shares at 10 pence each. Expects fund raise to accelerate growth by providing additional working capital for the firm to expand its range of digital asset services and extend its global reach and by funding minority investments in three strategic digital asset companies. On completion, DMC is expected to hold 43% stake and will have the right to nominate one member to the board. In return, DMC agrees to transfer all rights to acquire minority stakes in three companies operating in the digital assets sector.
Valereum Chief Executive Nick Cowan comments: ‘This potential deal represents a significant leap forward in Valereum’s strategic scaling efforts, bolstering both our financial and technological capabilities to seize emerging market opportunities. In DMC, we have found a truly exceptional partner whose vision aligns seamlessly with ours, bringing a deep skill set and a shared commitment to innovation and growth. Together, we are poised to accelerate business expansion, underscoring our unwavering dedication to long-term shareholder value creation and transformative market impact.’
In addition, firms inks £2 million binding option with a private equity fund also at 10p per share.
Current share price: €0.13
12-month change: more than doubled
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