SPAC Goldenstone up on $3.6 bln deal to take blockchain firm Roxe public

CHI Special Acquisition

22/06/2022 13:07

** Shares of blank-check firm Goldenstone Acquisition
 GDST.O  jump premarket on deal to merge with blockchain-based
payments company Roxe Holding in a $3.6 bln deal
    ** GDST last up 43.8% at 29 cents 
    ** Deal comes amid a slowdown in SPAC deals following a boom
in 2021 due to disappointing returns  urn:newsml:reuters.com:*:nL1N2Y904N
    ** Roxe connects banks, payment firms and remittance
companies, facilitating cross-border payments using their
private blockchain tokens; It does not use cryptocurrencies,
whose market value has been volatile
    ** Goldenstone raised $57.5 mln in its IPO offering in March

 (Reporting by Medha Singh)
 ((medha.singh@thomsonreuters.com))