Nukkleus
Inc. has announced the signing of a Memorandum of Understanding (MOU) on
January 16, 2024, outlining plans for a significant increase in its holdings in
Jacobi Asset Management. The collaboration with Jacobi, recognized as the
sponsor of Europe’s exclusive regulated and approved Bitcoin spot ETF traded on
Euronext, reflects Nukkleus’ participation in innovative financial markets.
The
MOU charts a course for Nukkleus to negotiate the acquisition of an additional
10% stake in Jacobi, as well as an option to acquire One Hoxton Holding Ltd,
holding an additional 6% of Jacobi.
Martin Bednall, CEO of Jacobi Asset Management, Source: LinkedIn
If
successfully completed, this acquisition, combined with Nukkleus’ existing
holdings, would elevate its total stake in Jacobi to approximately 20%.
Additionally, Nukkleus has been granted a right of first refusal as part of
these negotiations.
Emil
Assentato, CEO and Chairman of Nukkleus, emphasized the strategic nature of
this move, stating: “Increasing our stake in Jacobi Asset Management is a
strategic move that aligns with Nukkleus Inc.’s vision of pioneering in the
fintech industry.” Assentato highlighted the company’s dedication to
leveraging innovative financial tools such as blockchain and digital assets to
transform and democratize the global financial landscape.
This
move broadens Nukkleus‘
reach into innovative financial markets, complementing its existing diverse
portfolio that includes breakthrough technologies in blockchain-powered payment
solutions and digital asset management. Assentato expressed a proactive
approach to shaping the future of finance, making it more accessible,
efficient, and inclusive.
NUKKLEUS- MOU SETS STAGE FOR NUKKLEUS TO BUY ADDITIONAL 16% IN JACOBI, ELEVATING TOTAL HOLDINGS TO ABOUT 20% #News #Markets #live
— Capital Hungry (@Capital_Hungry) January 17, 2024
MOU
Terms: 90-Day Effectiveness and Extension Options
The
MOU has a 90-day
effectiveness period and may be extended by mutual agreement in writing. The
completion of the proposed acquisition is subject to successful diligence
completion and the negotiation and execution of definitive agreements,
emphasizing a meticulous approach to the partnership.
Martin
Bednall, CEO of Jacobi
Asset Management, echoed the enthusiasm, stating: “We are excited by
the prospect of deepening our relationship with Nukkleus through this MOU,
supporting the growth of Jacobi.” Bednall emphasized the mutual commitment
to innovation in…
