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reserveone
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Crypto asset management firm ReserveOne and SPAC M3-Brigade Acquisition V Corp. have called off their $1 billion merger.
The deal fell through due to at least two major investors pulling out, citing the sharp decline in prices of tokens like Bitcoin. With the current stock price likely dipping below net asset value and factoring in transaction fees, it just doesn’t make financial sense.
Why it matters: This is yet another example of a crypto company’s merger with a SPAC failing post-2022 bear market, highlighting the challenges of traditional IPO paths in the current market conditions.
#ReserveOne #SPAC #加密货币 #Web3
The deal fell through due to at least two major investors pulling out, citing the sharp decline in prices of tokens like Bitcoin. With the current stock price likely dipping below net asset value and factoring in transaction fees, it just doesn’t make financial sense.
Why it matters: This is yet another example of a crypto company’s merger with a SPAC failing post-2022 bear market, highlighting the challenges of traditional IPO paths in the current market conditions.
#ReserveOne #SPAC #加密货币 #Web3
Crypto asset management firm ReserveOne has announced the termination of its $1 billion merger plan with a SPAC. #ReserveOne #BTC
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