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Cryptocurrency Asset Management Firm ReserveOne Terminates $1 Billion Merger with SPAC
  • BTC0%

BlockBeats News, June 19th, according to Bloomberg, the merger between cryptocurrency asset management company ReserveOne and Special Purpose Acquisition Company (SPAC) M3-Brigade Acquisition V Corp. (MBAV) has been declared unsuccessful.

Investors believe that since the announcement of the merger nearly a year ago, the price of Bitcoin has dropped significantly. If listed at this time, the stock price would inevitably be below the net asset value. Coupled with the transaction fees that need to be paid to bankers and sponsors, it is not economically viable.

Sumber: BlockBeats

Disclaimer: Konten ini berasal dari pihak lain atau diterjemahkan oleh AI dari pihak lain. CoinEx tidak menjamin konten ini benar, asli, atau akurat, dan tidak memberikan saran investasi. Harga aset kripto sangat tidak stabil, jadi harap berhati-hati terhadap risiko yang ada.

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