Valereum Plc today announced that it will no longer proceed with the previously proposed investment by DMC Markets Inc, via Valereum Inc, for a total consideration of £19 million.
The company’s decision follows extensive due diligence and prolonged negotiations over several months. Despite repeated assurances, it ultimately became clear that DMC was not in a position to complete the transaction.
Valereum commented:
“While the outcome is disappointing, Valereum will continue to find opportunities that can protect shareholder interests and promote growth and further announcements will follow in due course.
The Board remains confident in the Company’s ability to deliver shareholder value through its own distinctive path, one built on technology, regulatory readiness, and strategic independence.”
