What to know:
- In a bold move, the Brazilian fintech Méliuz seeks to raise a staggering R$450 million ($78 million) through a public share offering. Ah, the sweet scent of ambition!
- All proceeds, they say, will be funneled into the mysterious world of Bitcoin, which they now consider a “primary strategic asset.” Because who needs a stable investment, right? 😂
- Investors will be showered with free subscription warrants, allowing them to purchase additional shares at predetermined prices in the future. A delightful little gift, like a surprise party but with more paperwork!
Ah, Méliuz (CASH3), the fintech darling of Brazil, boasting over 30 million users, is embarking on this grand adventure to raise R$450 million ($78 million) for the noble cause of buying Bitcoin. One can only wonder if they’ll also throw in a complimentary fortune cookie with investment advice. 🥠
The offering, announced on a fateful Friday in a securities filing, consists of an initial issuance of 17 million common shares, with the tantalizing possibility of expanding to 51 million, depending on how many brave souls dare to invest. Shares will be sold exclusively to professional investors, because amateurs might just faint at the sight of such numbers.
Each share purchased will come with a delightful package of free subscription warrants, divided into 10 series. It’s like a treasure hunt, but instead of gold, you get more stock at set prices in the future. What a thrill! 🎉
At current share prices, Méliuz expects to raise around $26 million, but hold onto your hats, folks! That figure could triple if overallotment options are exercised. It’s like a game of poker, but with more spreadsheets.
Investors participating in this offering will also receive a whopping 50.6 million warrants, with a potential total of 152 million under maximum subscription conditions. It’s a numbers game, and they’re playing for keeps!
Méliuz plans to use the raised funds to acquire BTC, positioning it as a “primary strategic asset” in its treasury. The firm, known for its cashback and financial services platform, revealed it was allocating 10% of its cash reserves to BTC back in March. Because why not gamble with a little cash? 💰
Warrant trading is expected to begin on June 16, with share settlement and crediting of the bonus instruments by June 18. Mark your calendars, folks! 🗓️
Currently, the company holds 320.2 BTC. However, in a twist of fate, its shares plummeted more than 8% in Friday’s trading session. Ah, the sweet taste of irony! 🍂
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2025-05-31 19:54