Core Viewpoint - CoinShares International Limited is undergoing a merger with Vine Hill Capital Investment Corp. and Odysseus Holdings Limited, which will facilitate a change of listing venue for CoinShares shares from Nasdaq Stockholm to the Nasdaq Stock Market in the United States [1] Group 1: Transaction Details - The merger plan includes a court-sanctioned scheme of arrangement under Article 125 of the Jersey Companies Law [1] - The Scheme of Arrangement is conditional upon the approval of the requisite majority of Scheme Shareholders at the Jersey Court Meeting and CoinShares Shareholders at the Scheme General Meeting [2][5] - An updated expected timetable for the Transaction has been established to address delays caused by the U.S. federal government shutdown in late 2025 [2][3] Group 2: Timetable of Events - Key dates include the Jersey Court Meeting and Scheme General Meeting on 19 March 2026, the last day of trading on Nasdaq Stockholm on 20 March 2026, and the expected completion of the SPAC merger on or around 30 March 2026 [7] - The delisting of CoinShares ordinary shares from Nasdaq Stockholm is expected to take effect on 31 March 2026, with the first day of trading of Odysseus Holdings ordinary shares on the Nasdaq Stock Market anticipated on or around 7 April 2026 [6][7] Group 3: Company Background - CoinShares is a leading global digital asset manager, providing a range of financial services across investment management, trading, and securities [9] - Founded in 2013, CoinShares is headquartered in Jersey and is regulated by various financial authorities in Jersey, France, and the U.S. [9] - Vine Hill is a special purpose acquisition company (SPAC) that completed a $220 million initial public offering in September 2024 [10]
CoinShares has applied for suspension of trading and delisting of its ordinary shares from Nasdaq Stockholm and update on timetable for the transaction with Vine Hill