M&A
confidence high
sentiment neutral
materiality 0.75
Goldenstone Acquisition to merge with Roxe Holding; enterprise value ~$3.675B
Goldenstone Acquisition Ltd.
- Definitive merger agreement signed June 21, 2022; Roxe stockholders to roll 100% equity into combined company.
- Pro forma enterprise value approximately $3.675 billion, subject to independent valuation adjustment.
- Earnout provision: up to 40% additional shares if certain stock price thresholds met within 4 years.
- Transaction expected to close Q1 2023; subject to stockholder approvals, SEC registration, and other conditions.
- Roxe is a blockchain-based payments network with 44 global partners supporting payments from 113 countries.