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LONDON - Vault Ventures Plc (LSE:VAULT) announced Tuesday the early closure of its WRAP Retail Offer following strong investor demand. The blockchain and fintech-focused investment company will release details about the total proceeds and number of ordinary shares to be issued on Wednesday.
The early closure comes just one day after the retail offer was announced on Monday. Vault Ventures, which specializes in identifying and developing early-stage technology businesses, primarily in blockchain and fintech sectors, did not disclose the level of demand that prompted the early closure.
Brian Stockbridge, Chair of Vault Ventures, has not provided specific comments on the development in the company’s press release statement.
The WRAP Retail Offer was only available to existing company shareholders in the United Kingdom (TADAWUL:4280) who met specific regulatory criteria under the Financial Services and Markets Act 2000.
Vault Ventures noted that the offer shares have not been and will not be registered under the US Securities Act and are not being offered in the United States, Australia, Canada, New Zealand, Japan, South Africa, or any member state of the European Economic Area.
The WRAP platform is a proprietary technology owned and operated by Winterflood Securities Ltd, which is acting exclusively for Vault Ventures in relation to the retail offer.
The company’s shares trade on the London Stock Exchange (LON:LSEG), and further information about Vault Ventures can be found on its website.
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