Core Viewpoint - CoinShares International Limited has announced a joint merger plan with Vine Hill Capital Investment Corp and Odysseus Holdings Limited, aiming to change the listing venue for CoinShares shares from Nasdaq Stockholm to the Nasdaq Stock Market in the United States through a court-sanctioned scheme of arrangement [1][20]. Group 1: Merger Details - The merger plan includes a court-sanctioned scheme of arrangement under Article 125 of the Companies (Jersey) Law 1991 [1][20]. - CoinShares has received irrevocable undertakings from all members of its Board of Directors who hold shares, totaling approximately 23,778,129 CoinShares Shares, which is about 36.281 percent of all shares and votes in CoinShares [4][23]. - In total, CoinShares has received irrevocable undertakings amounting to 53,297,744 CoinShares Shares, approximately 81.323 percent of all shares and votes in CoinShares [6][25]. Group 2: Company Background - CoinShares is a leading global digital asset manager, providing a range of financial services including investment management, trading, and securities to various clients [7][26]. - Founded in 2013, CoinShares is headquartered in Jersey and has offices in France, Stockholm, the UK, and the US, and is regulated by multiple financial authorities [7][26]. - Vine Hill is a special purpose acquisition company (SPAC) that completed a $220 million initial public offering in September 2024 and is focused on unlocking shareholder value through public markets [8][27].
COINSHARES HAS RECEIVED IRREVOCABLE UNDERTAKINGS FROM CERTAIN MEMBERS OF ITS BOARD OF DIRECTORS IN CONNECTION WITH THE PROPOSED TRANSACTION WITH VINE HILL