Golden Rock Global to Buy Bolt Global; Conduct Fundraising
November 17 2021 - 3:46AM
Dow Jones News
By Kyle Morris
Golden Rock Global PLC said Wednesday that it has signed a
preliminary agreement to buy Bolt Global Ltd., and that it intends
to undertake a fundraising for working-capital purposes.
The fintech-sector acquisition company said the amount it will
pay for Bolt Global--a blockchain-based media and decentralized
finance company--has yet to be decided but it expects to issue
shares as consideration for the deal.
The acquisition, if completed, would be considered a reverse
takeover under listing rules and therefore Golden Rock Global's
shares have been suspended from trading as required for this type
of deal.
There can be no certainty the deal will take place, it
added.
Shares were suspended at 17 pence.
Write to Kyle Morris at kyle.morris@dowjones.com
(END) Dow Jones Newswires
November 17, 2021 04:31 ET (09:31 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Golden Rock Global (LSE:GCG)
Historical Stock Chart
From Jan 2025 to Feb 2025
Golden Rock Global (LSE:GCG)
Historical Stock Chart
From Feb 2024 to Feb 2025