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Crypto VC Fund Pluto Digital to Go Public in Reverse Takeover of NFT Investments
NFT Investments is listed on the Aquis Stock Exchange Growth Market in London.
Pluto Digital, a crypto venture company, agreed to buy investment company NFT Investments in a reverse takeover that will see it gain a listing on the Aquis Stock Exchange Growth Market in London.
- NFT Investments (AQSE: NFT) will issue GBP96 million ($130 million) of shares to Pluto investors, giving them a 70.5% stake in the new entity, NFT Investments said in a statement.
- In the last 12 months, Pluto Digital has established Pluto V, a venture capital arm that has made investments in various Web 3 projects and non-fungible token assets. Last March, it raised a $40 million fund, attracting London-listed bitcoin miner Argo Blockchain (LSE: ARB) as its lead investor.
- NFT Investments' executive chairman, Jonathan Bixby, is one of Argo's founders.
- The firm is listed on the Aquis Stock Exchange Growth Market (AQSE) in London, trading on which will be suspended until the proposed acquisition is completed.
Read more: Crypto Miner Argo Diversifies Into Non-Mining Blockchain Business
STORY CONTINUES BELOW
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Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
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