VP Fintech Group Announces Proposed Acquisition of GlblNexus IncStrategic Transaction Supports Long-Term Growth Strategy in Digital Asset and Payment Infrastructure Markets
The proposed acquisition is primarily intended to secure ownership of GlblNexus' proprietary payment gateway technology, intellectual property, software assets, and development infrastructure. Management believes the platform represents a valuable technological foundation for future digital asset payment solutions and blockchain-enabled financial services. The GlblNexus platform has been designed to enable businesses to accept and process cryptocurrency transactions through a streamlined crypto-to-crypto payment infrastructure. VP Fintech Group believes that demand for efficient digital asset payment solutions will continue to grow as businesses increasingly adopt blockchain-based payment technologies. Upon completion, VP Fintech Group intends to further develop and commercialize the GlblNexus platform as part of its broader fintech strategy. Management believes the technology may support future merchant payment solutions, digital asset transaction services, white-label offerings, and other blockchain-enabled financial products. The purchase consideration and certain final transaction terms remain confidential and will be disclosed, if required, following completion of the transaction. Completion of the proposed acquisition is currently targeted for 31 July 2026 and remains subject to customary conditions precedent, including completion of due diligence, execution of definitive transaction documentation, receipt of necessary approvals and consents, and satisfaction of other customary closing conditions. Following completion, GlblNexus Inc. is expected to continue operating as a wholly-owned subsidiary of VP Fintech Group Limited. Commenting on the transaction, a spokesperson for VP Fintech Group stated: "We believe that GlblNexus has developed highly promising technology within the digital asset payments sector. The proposed acquisition aligns with our strategy of identifying and acquiring innovative fintech infrastructure that can support future commercial growth and product expansion." There can be no assurance that the transaction will be completed until all conditions precedent have been satisfied or waived and definitive transaction documentation has become fully effective. Further announcements will be made as appropriate. About VP Fintech Group Limited VP Fintech Group Limited is a United Kingdom-based financial technology holding company focused on fintech investments, payment technologies, digital financial infrastructure, and technology-enabled financial services. More info can be found here https://vpfintechgroup.com Forward-Looking Statements This announcement contains forward-looking statements regarding the proposed acquisition of GlblNexus Inc. Actual results may differ materially from those expressed or implied due to risks, uncertainties, and other factors. VP Fintech Group Limited undertakes no obligation to update such statements except as required by applicable law. End
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