Norwegian Block Exchange Enters Agreement to Acquire JuJu AS Customer Base
Norway, June 12 -- Norwegian Block Exchange AS ("NBX"), a leading digital asset service provider in the Nordics, has entered into a binding letter of intent (Term Sheet) to acquire the customer base of Norwegian cryptocurrency exchange JuJu AS ("JuJu").The transaction is structured as an asset deal, whereby NBX acquires JuJu's customer base, KYC/AML documentation and associated rights. NBX does not assume JuJu's technology, employees or historical liabilities.The total consideration amounts to up to NOK 5,000,000, payable exclusively in newly issued NBX shares:- Fixed consideration: NOK 1,000,000 in NBX shares to be issued at closing, corresponding to 1,608,749 shares based on a fixed reference price of NOK 0.6216 per share.- Contingent con...
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