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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