Goldenstone Acquisition Limited (“Goldenstone”) (NASDAQ: GDST), a newly organized blank check company, announced merger agreement withRoxe Holding Inc (“Roxe”), a blockchain payment company that powers the next generation of payment solutions.- Roxe aims to build a global trusted community that includes the entire financial ecosystem: individuals, banks, central banks, non-bank financial institutions, businesses, and merchants through its multilateral payment channel.
- It is expected that Roxe stockholders will roll 100% of their equity into the combined company.
- There is no minimum cash requirement.
- Access to capital markets will enable Roxe to accelerate growth and enhance its unique technology base offering.
- Transaction is expected to close in Q1 2023.
The transaction is subject to approval by Goldenstone and Roxe stockholders and other closing conditions, including regulatory approvals.
Roxe is on a mission to build a global trusted community that includes everyone: individuals, banks, central banks, non-bank financial institutions, businesses, and merchants. Its blockchain offers a multilateral payment channel that supports multiple assets including currency, gift cards, gaming coins, loyalty rewards, stocks, cryptocurrencies, and CBDC.
To date, 44 global partners use Roxe’s global payment community, including ECS Fin, Axletree Solutions, Nium, N2Xpress, Fairexpay, Rana Express, iPay, and
Management Comments
Transaction Summary
Under the terms of transaction, Roxe will merge with a wholly owned subsidiary of Goldenstone. In connection with the closing of the transaction, Goldenstone will be renamed as “Roxe Holding Group Inc.” The pro forma combined enterprise value at signing is approximately
The transaction is expected to close during Q1 of 2023 and remains subject to approval by Goldenstone’s and Roxe’s stockholders, the effectiveness of a registration statement to be filed with the
About Goldenstone
About Roxe
Roxe is a global payment network that uses blockchain to make money smarter. Roxe's smart payment technology automatically selects the best route for the fastest, least expensive, and most reliable payments for any business or individual anywhere in the world. The company unifies fragmented global payment systems so that payment and remittance companies, banks, central banks, and consumers can get the speed and cost savings benefits of blockchain technology without directly transacting with cryptocurrencies. Roxe also removes barriers of time, geography, and currency so that financial value moves with unprecedented speed across the globe. Powered by
Important Information for Investors and Stockholders
This document relates to a proposed transaction between Goldenstone and Roxe. This document does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor will there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Goldenstone intends to file a registration statement on Form S-4 with the
Investors and security holders will be able to obtain free copies of the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the
Participants in the Solicitation
Goldenstone and Roxe and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from Goldenstone’s stockholders in connection with the proposed transaction. A list of the names of the directors and executive officers of Goldenstone and Roxe and information regarding their interests in the Merger will be contained in the proxy statement/prospectus when available. You may obtain free copies of these documents as described in the preceding paragraph.
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor will there be any sale of any securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such other jurisdiction.
Forward Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s initial public offering (“IPO”) and search for an initial business combination. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of
Contact Information
Chairman & CEO
Email: eddie@windfallusa.com
Tel: +1 (330) 352-7788
CFO & Head of Investor Relationships
Email: abctop40@gmail.com
Tel: +1 (917) 459-8498
Source:
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