Aquis-quoted NFT Investments (LON: NFT) is on course to acquire Pluto Digital Assets. Other quoted companies already have stakes in Pluto and those investments are set to increase in value with this deal, although that depends on the NFT Investments share price.
NFT Investments has a non-binding letter of intent relating to the acquisition, which is valued at £96m – based on the issue of 2.4 billion NFT Investments shares at a nominal valuation of 4p each. That is equivalent to 11.5p per Pluto share. Due diligence is being undertaken.
Trading in NFT Investments shares has been suspended...
