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Seeking Alpha 2025-01-28 13:47:10

Vemanti to acquire majority stake in ONUS Pro

Vemanti Group ( OTCQB:VMNT ) announced on Tuesday the signing of a share purchase agreement to acquire a majority controlling stake in XPLOR Technology, the Singapore-based parent company of the cryptocurrency exchange platform, ONUS Pro. The company has officially signed the SPA to acquire a 51% stake in XPLOR, the sole owner of ONUS Finance, significantly progressing beyond initial discussions and nearing the final stages of the acquisition process. ONUS Finance operates the cryptocurrency exchange platform, ONUS Pro. As the parent company of ONUS Finance UAB, XPLOR holds the intellectual property and retains all revenue and profits associated with ONUS Pro. With final deliverables underway, the closure of this deal is expected to occur in Q1. Upon closing, ONUS Pro's financial performance will be fully integrated into the company’s financial statements, solidifying its business outlook and credentials for NASDAQ uplisting. Post-acquisition, Vemanti plans to relaunch a USD-backed stablecoin designed to optimize cross-border transactions.

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