Vine Hill Capital SPAC signs $1.2B deal to acquire CoinShares via business combination

Vine Hill Capital Investment Corp.

CoinShares shareholders to receive Holdco shares valued at $1.2B; SPAC Class A shares convert to Holdco shares.
Lock-up: Sponsor and CoinShares key holders subject to up to 6-month lock-up; early release possible if Holdco share price exceeds $18/$22.
Termination date June 8, 2026; no termination fees, but SPAC bears expenses up to $4M.
Conditions: SPAC shareholder approval, CoinShares shareholder approval, HSR clearance, Nasdaq listing of Holdco shares.
Sponsor forfeits 2.93M Class B shares and private placement warrants; Class B conversion to Class A.

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