Vauld Rejects Nexo’s ‘Final’ Acquisition Proposal: The Block

Vauld and its committee of creditors rejected Nexo’s “final” acquisition proposal over concerns about Nexo’s financial health and others issues, The Block reports, citing a letter, dated Wednesday, that Vauld co-founder and CEO Darshan Bathija wrote to Nexo.

• Vauld is looking for assurance that Nexo is solvent, an unidentified Vauld creditor told The Block
• Vauld has given Nexo until Friday, January 6 to respond
• Vauld and Kroll, its financial advisor, did not respond to The Block’s requests for comment
• “Mid-next week, Nexo will host a live AMA [ask-me-anything] session to address all outstanding questions about our proposal, and ...