CoinShares stock makes US debut on Nasdaq following SPAC merger

CoinShares stock makes US debut on Nasdaq following SPAC merger

Shares of the European crypto asset manager are set to start trading today, marking a venue shift as digital asset companies navigate a weaker market backdrop.

CoinShares, a European-based digital asset manager, is slated to make its US public markets debut today following the completion of a special purpose acquisition company (SPAC) merger, highlighting the crypto industry’s deepening ties with public markets.

The company announced Wednesday that it had finalized a previously announced business combination with Vine Hill Capital Investment Corp., resulting in the formation of a new holding entity, CoinShares PLC. The combined company begins trading on the Nasdaq on Wednesday under the ticker symbol CSHR.

The transaction, first unveiled in September, values CoinShares at approximately $1.2 billion and includes a $50 million capital commitment from institutional investors.

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