LONDON – Valereum Plc (AQSE: VLRM), a company involved in the digital asset space, has announced a binding option agreement with an undisclosed strategic private equity investor. The agreement grants the investor the right to acquire 20 million ordinary shares at £0.10 each, potentially raising £2 million for Valereum.
The funds from this option, which expires on December 31, 2024, are intended to provide additional working capital to help Valereum accelerate the development and scale-up of its global digital asset ecosystem. The shares will be subject to a 12-month lock-up period, with some flexibility for disposals after six months as long as they do not exceed the value of the option.
Valereum’s CEO, Nick Cowan, described the agreement as a “defining moment” for the company, which aims to scale the business and deliver value to stakeholders. This partnership is expected to offer synergistic growth opportunities as the investor is also building its own digital asset ecosystem.
The transaction is part of Valereum’s broader funding efforts, which could reach a total of £15 million, including contributions from DMC Markets Inc. The issuance of shares will be contingent upon a routine compliance review by First Sentinel Corporate Finance.
This announcement is based on a press release statement from Valereum Plc.
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