Goldenstone Acquisition Limited in an 8-K said it has terminated a merger agreement with Roxe Holdings by mutual consent. No termination fee will be owed by either side and no explanation was given for calling off the deal, which was announced less than four months ago.
Roxe, a blockchain-based payments company, would have had a $3.6 billion enterprise value, post-merger, and was to list on the Nasdaq.
Goldenstone raised $57.5 million in a March IPO. Read more.
