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PrimeBlock to Merge with 10X Capital Venture Acquisition Corp. II
Abstract：PrimeBlock and 10X Capital Venture Acquisition Corp. II announced a definitive Business Combination Agreement. The transaction is estimated to be worth $1.25 billion and may be completed in the second half of 2022.
Gurav Budhrani, a former Goldman Sachs executive to lead the merged company.
The deal is estimated to be worth $1.25 billion.
Gurav Budhrani, a former Goldman Sachs executive will be the CEO, the merged company will be listing its stock in the Nasdaq100.
Prime Blockchain Inc. operates data centers and crypto miners throughout the United States. The firm is focusing on North Carolina, Kentucky and Tennessee.
In the last quarter in 2021 PrimeBlock reached $24.4 million in revenue. The company also attained $300 million financing for the merger from CF Principal Investments LLC, an affiliate of Cantor Cantor Fitzgerald & Co.
The Boards of Directors Approved the Merger
The Boards of Directors of both PrimeBlock and 10X Capital have approved the merger , subject to regulatory approval, PrimeBlock‘s stockholders and 10X Capital’s shareholders.
PrimeBlock CEO Gaurav Budhrani said on the deal, We are excited to bring PrimeBlock public with the support of our investors and the experienced team from 10X Capital.
We believe the transaction will provide tremendous momentum for our next phase of growth. In addition, our partnerships with key suppliers are expected to enhance our ability to rapidly scale the business.
“We believe we are well-positioned to leverage our infrastructure and technology to provide PrimeBlocks customers access to the underlying economics of public blockchains.”
Hans Thomas, Chairman and CEO of 10X Capital, remarked on the merger, Gaurav and the leadership team have articulated a clear and compelling vision for PrimeBlock.
They have successfully deployed over 110 megawatts of data center capacity and generated more than $24 million of revenue in the fourth quarter. We are confident they bring the discipline, skills and relevant experience to continue to execute the strategy to achieve growth and value creation for all stakeholders.
“As co-founders of Ankr (Coinbase:ANKR), Ryan and Chandler have a proven track record of innovating and executing at scale in the Crypto / Blockchain space, and Gaurav has the deep technology and capital markets experience to translate this innovation to the public markets.”
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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Inzo Broker Review 2025: A Complete Look at Features, Costs and User Claims
Inzo Broker presents itself as a modern forex and CFD broker, started in 2021 and registered in Saint Vincent and the Grenadines. At first glance, it offers an attractive package for traders: access to the popular MetaTrader 5 (MT5) and cTrader platforms, different types of accounts for various budget levels, and a wide selection of assets to trade. These features are made to attract both new and experienced traders. However, a closer look shows a big difference between these advertised benefits and the real risks. The broker works under an offshore regulatory system, which gives limited protection to investors. More importantly, Inzo has collected many serious user complaints, especially about withdrawing funds and changing trading conditions unfairly. This mix of weak oversight and serious user claims creates a high-risk situation that potential clients must carefully think about. This review will break down these parts to give a clear, fact-based view.
Original 3h
An Unbiased Review of INZO Broker for Indian Traders: What You Must Know
INZO is a fairly new company in the online trading world. It started in 2021 and is registered in Saint Vincent and the Grenadines. Traders in India and around the world have noticed this broker because it offers access to popular trading platforms such as MetaTrader 5 (MT5) and cTrader. It also lets you trade many different things, such as foreign currencies, stocks, and digital currencies. The broker tries to be easy to use with features such as a low minimum deposit, which can be appealing to new traders. However, when you look more closely, the situation becomes more complicated. INZO operates as an offshore-regulated company, which brings certain risks that every trader needs to understand. Also, user feedback is very mixed - there are many serious complaints alongside some positive experiences. Read on this in-depth review of the broker.
Original 3h
Is Inzo Broker Safe or a Scam? An Evidence-Based Analysis for Traders
When traders check out a new broker, the main question is always about safety and whether it's real. Is Inzo a trustworthy partner for your trading capital, or is it a scam you should stay away from? The broker looks modern and professional, offering popular platforms and many different account types. However, this polished look is clouded by many serious complaints from users who report big problems with their money and trading conditions. A simple "yes" or "no" answer isn't enough. To reach a good conclusion, we need a detailed investigation based on facts. This analysis will give you a clear and fair breakdown of the facts. We will cut through the mixed information to give you a complete picture of Inzo.
Original Yesterday 17:13
Is Uniglobe Markets Legit? A 2025 Simple Guide to Its Safety, Services, and User Warnings
When traders ask, "Is uniglobe markets legit?" They want a clear answer about whether their capital will be safe. This simple guide for 2025 will give you that answer by examining the broker from every important angle. The most important thing we found is that Uniglobe Markets works without proper financial rules and oversight, causing serious risks. This review will carefully examine its legal status, look at confusing company information, explain its trading conditions, and share real user problems. When checking any broker, it's smart to use websites with detailed verification. Traders can find complete profiles and current warnings for thousands of brokers on WikiFX to help with their research. This article will show you the facts, so you can decide smartly based on evidence, not advertising promises.
Original Yesterday 17:06
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