ONUS reaches acquisition agreement with Vemanti Group

This agreement not only helps XPLOR increase its capital to expand into international markets but also strengthens the company's position in the financial industry. According to information from both parties, the share purchase agreement has been officially signed.

Announcement of the acquisition agreement between XPLOR Technology and Vemanti Group

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The transaction is expected to be completed in Q1 2025 when the final terms are implemented. Upon completion, the financial operations of the ONUS ecosystem will be integrated into Vemanti Group's financial statements, facilitating the listing of VMNT shares on the NASDAQ exchange in 2025.

In the future, Vemanti and XPLOR will launch a USD-pegged stablecoin product to optimize cross-border transactions and enhance user experience. Simultaneously, ONUS will continue to develop new products and implement campaigns to attract users and expand its market in Asia, the EU, South America, and the US.

This agreement is expected to bring significant benefits to both parties. For XPLOR, the sale of 51% of its shares not only increases capital but also opens up opportunities for international expansion, particularly in the deployment of financial products in the US. For Vemanti Group, the agreement marks a significant step forward in the Fintech sector, fulfilling the necessary requirements for listing its shares on NASDAQ.

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Vemanti Group's CEO, Tan Tran, emphasized: "Reaching this agreement underscores our commitment to delivering on our plans and delivering real value to our shareholders. It significantly improves our financial profile, bringing us closer to our goal of listing on NASDAQ. Integrating ONUS Pro's platform and Vemanti's digital financial products promises to streamline real-world financial transactions for approximately 700 million people in Southeast Asia."

Source: https://thanhnien.vn/onus-dat-thoa-thuan-mua-lai-cua-vemanti-group-185250206002119554.htm