By Kyle Morris

 

Golden Rock Global PLC said Wednesday that it has signed a preliminary agreement to buy Bolt Global Ltd., and that it intends to undertake a fundraising for working-capital purposes.

The fintech-sector acquisition company said the amount it will pay for Bolt Global--a blockchain-based media and decentralized finance company--has yet to be decided but it expects to issue shares as consideration for the deal.

The acquisition, if completed, would be considered a reverse takeover under listing rules and therefore Golden Rock Global's shares have been suspended from trading as required for this type of deal.

There can be no certainty the deal will take place, it added.

Shares were suspended at 17 pence.

 

Write to Kyle Morris at kyle.morris@dowjones.com

 

(END) Dow Jones Newswires

November 17, 2021 04:31 ET (09:31 GMT)

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