We wanted to share a meaningful update with you on the progress of the intended acquisition of Vauld by London-based crypto lending platform, Nexo Inc. (“Nexo”).
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The 60-day exclusivity period previously agreed with Nexo to conduct due diligence in relation to the potential acquisition has been extended for a period of a further 30 days from 6-Sep-22. This is because more time is required for the due diligence process.
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Our discussions with Nexo remain ongoing and the Vauld management team has been engaged with and are continuing to work closely with Nexo throughout the entire process. We will continue to share relevant material updates with you going forward in relation to the Nexo investor talks.
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We will continue to share updates as we receive them from the Court.
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Please reach out to us at [email protected] if you have questions.
Once again, thank you for your support.
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The Vauld Team