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Blue Gold announces $10M PIPE investment from Hudson Dunes
Yahoo Finance· 2026-02-27 13:59
Core Insights - Blue Gold (BGL) has entered into a definitive agreement for a $10 million private investment in public equity with Hudson Dunes FZCO, involving the purchase of 2,500,000 ordinary shares at $4.00 per share [1] - This investment signifies a strategic expansion of the relationship between Blue Gold and Hudson Dunes, aligning Hudson Dunes as both a capital partner and a commercial counterparty in Blue Gold's gold trading and tokenization platform [1] - The PIPE investment follows a previously announced partnership that includes a gold supply agreement for up to 1 million ounces of physical gold and a $15 million proprietary gold trading facility [1] - The offering is expected to close on or about March 9, 2026, subject to customary closing conditions [1]