Upon completion, the acquisition would increase Nukkleus' stake in Jacobi to approximately 20%.
The MOU is valid for 90 days and can be extended by mutual agreement in writing.
Nukkleus
Inc. has announced the signing of a Memorandum of Understanding (MOU) yesterday (Tuesday), outlining plans for a significant increase in its holdings in
Jacobi Asset Management. The collaboration with Jacobi, recognized as the
sponsor of Europe's exclusive regulated and approved Bitcoin spot ETF traded on
Euronext, reflects Nukkleus' participation in innovative financial markets.
Nukkleus Negotiates Increased Stake in
Jacobi
The
MOU charts a course for Nukkleus to negotiate the acquisition of an additional
10% stake in Jacobi, as well as an option to acquire One Hoxton Holding Ltd,
retaining an additional 6% of Jacobi.
If
successfully completed, this acquisition, combined with Nukkleus' existing
holdings, would elevate its total stake in Jacobi to approximately 20%.
Additionally, Nukkleus has been granted a right of first refusal as part of
these negotiations.
Emil
Assentato, the CEO and Chairman of Nukkleus, emphasized the strategic nature of
this move: "Increasing our stake in Jacobi Asset Management is a
strategic move that aligns with Nukkleus Inc.'s vision of pioneering in the
fintech industry." Assentato highlighted the company's dedication to
leveraging innovative financial tools such as blockchain and digital assets to
transform and democratize the global financial landscape.
This
move broadens Nukkleus'
reach into innovative financial markets, complementing its existing diverse
portfolio that includes breakthrough technologies in blockchain-powered payment
solutions and digital asset management. Assentato expressed a proactive
approach to shaping the future of finance, making it more accessible,
efficient, and inclusive.
MOU
Terms: 90-Day Effectiveness and Extension Options
The
MOU has a 90-day
effectiveness period and may be extended by mutual agreement in writing. The
completion of the proposed acquisition is subject to successful diligence
completion and the negotiation and execution of definitive agreements,
emphasizing a meticulous approach to the partnership.
Martin
Bednall, the CEO of Jacobi
Asset Management, echoed the enthusiasm: "We are excited by
the prospect of deepening our relationship with Nukkleus through this MOU,
supporting the growth of Jacobi." Bednall emphasized the mutual commitment
to innovation in the fintech sector and sees the potential increase in Nukkleus'
stake in Jacobi as a significant milestone towards collaborative development
and the advancement of regulated financial solutions.
Nukkleus
Inc. has announced the signing of a Memorandum of Understanding (MOU) yesterday (Tuesday), outlining plans for a significant increase in its holdings in
Jacobi Asset Management. The collaboration with Jacobi, recognized as the
sponsor of Europe's exclusive regulated and approved Bitcoin spot ETF traded on
Euronext, reflects Nukkleus' participation in innovative financial markets.
Nukkleus Negotiates Increased Stake in
Jacobi
The
MOU charts a course for Nukkleus to negotiate the acquisition of an additional
10% stake in Jacobi, as well as an option to acquire One Hoxton Holding Ltd,
retaining an additional 6% of Jacobi.
If
successfully completed, this acquisition, combined with Nukkleus' existing
holdings, would elevate its total stake in Jacobi to approximately 20%.
Additionally, Nukkleus has been granted a right of first refusal as part of
these negotiations.
Emil
Assentato, the CEO and Chairman of Nukkleus, emphasized the strategic nature of
this move: "Increasing our stake in Jacobi Asset Management is a
strategic move that aligns with Nukkleus Inc.'s vision of pioneering in the
fintech industry." Assentato highlighted the company's dedication to
leveraging innovative financial tools such as blockchain and digital assets to
transform and democratize the global financial landscape.
This
move broadens Nukkleus'
reach into innovative financial markets, complementing its existing diverse
portfolio that includes breakthrough technologies in blockchain-powered payment
solutions and digital asset management. Assentato expressed a proactive
approach to shaping the future of finance, making it more accessible,
efficient, and inclusive.
MOU
Terms: 90-Day Effectiveness and Extension Options
The
MOU has a 90-day
effectiveness period and may be extended by mutual agreement in writing. The
completion of the proposed acquisition is subject to successful diligence
completion and the negotiation and execution of definitive agreements,
emphasizing a meticulous approach to the partnership.
Martin
Bednall, the CEO of Jacobi
Asset Management, echoed the enthusiasm: "We are excited by
the prospect of deepening our relationship with Nukkleus through this MOU,
supporting the growth of Jacobi." Bednall emphasized the mutual commitment
to innovation in the fintech sector and sees the potential increase in Nukkleus'
stake in Jacobi as a significant milestone towards collaborative development
and the advancement of regulated financial solutions.
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
π LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
π LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
π Facebook: https://www.facebook.com/FinanceMagnatesEvents
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π¦ Twitter: https://twitter.com/F_M_events
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βΆοΈ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
π LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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π₯ TikTok: https://www.tiktok.com/@fmevents_official
βΆοΈ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
π£ Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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π Subscribe to our YouTube channel for more!π
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
π£ Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
π£ Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage.
π Subscribe to our YouTube channel for more!π
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
π£ Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
π LinkedIn: https://www.linkedin.com/company/financemagnates/
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