M&A
confidence high
sentiment neutral
materiality 0.50
Vemanti sells Fvndit shares and receivables, acquires Fvndit's Vietnam marketplace assets
Vemanti Group, Inc.
- Vemanti sold 8,000,000 shares of Fvndit common stock and $25,142 in accounts receivable to Fvndit.
- In exchange, Vemanti acquired all rights to Fvndit's peer-to-peer investment marketplace business in Vietnam, including name, domain, customer list, and proprietary info.
- Vemanti assumes no liabilities of Fvndit; all pre-closing liabilities remain with Fvndit.
- The transaction closed on June 16, 2022; Vemanti now owns no equity in Fvndit.