PANews August 7 news, according to The Block, cryptocurrency investment startup Parataxis Holdings will merge with SilverBox Corp IV SPAC, aiming to raise $640 million for a Bitcoin fund management company that will be listed on the New York Stock Exchange (NYSE). After the merger is completed, the new company plans to be listed on the New York Stock Exchange with the stock code PRTX.
Parataxis Holdings stated: “This business merger will bring Parataxis Holdings up to approximately $240 million in funding, but must comply with the redemption provisions of SBXD (SilverBox Corp IV SPAC) shareholders. This includes $31 million in equity, which will be immediately used to purchase Bitcoin.” Parataxis also stated that it “has signed a stock purchase agreement” allowing it to “issue and sell up to $400 million in equity,” and added that the post-merger initiative “could bring up to $640 million in total proceeds to support the execution and acceleration of the BTC capital management strategy.”
According to previous news, cryptocurrency investment startup Parataxis Holdings plans to go public through a SPAC merger.
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