Nukkleus Inc.A Memorandum of Understanding (MOU) has been signed to significantly increase its stake in Jacobi Asset Management.。Jacobi is the only European sponsor of a regulated and approved Bitcoin spot ETF for trading on Euronext, and the partnership with Jacobi exemplifies Nukkleus' involvement in innovative financial markets.。

Nukkleus increases stake in Jacobi

The memorandum of understanding sets the course for Nukkleus to negotiate a 10 per cent stake in Jacobi and an option to acquire One Hoxton Holding Ltd, and Nukkleus will retain an additional 6 per cent stake in Jacobi.。

If the acquisition is successfully completed, plus Nukkleus' existing stake, its total stake in Jacobi will increase to approximately 20%.。In addition, as part of the negotiations, Nukkleus was given the right of first refusal.。

Emil Assentato, CEO and Chairman of Nukkleus, highlighted the strategic nature of the move: "Increasing its stake in Jacobi Asset Management is a strategic move in line with Nukkleus' vision to forge ahead in the fintech industry."。Assentato stressed that the company is committed to using innovative financial instruments such as blockchain and digital assets to change and democratize the global financial landscape.。

The move expands Nukkleus's presence in innovative financial markets, complementing its existing diversified portfolio, including breakthrough technologies in blockchain payment solutions and digital asset management.。Assentato says it will actively shape the future of the financial industry to make it more convenient, efficient and inclusive。

90-day validity and extension options

The Memorandum of Understanding is valid for 90 days and may be extended by written consent of both parties.。The completion of the proposed acquisition is contingent on the successful completion of due diligence and the negotiation and signing of the final agreement, emphasizing the meticulous nature of the collaboration.。

Martin Bednall, CEO of Jacobi Asset Management, expressed the same enthusiasm: "I am very pleased to be able to deepen the partnership with Nukkleus through this memorandum of understanding to support Jacobi's development."。

Bednall highlighted the shared commitment to innovation in the fintech sector and identified Nukkleus' possible increase in Jacobi's stake as an important milestone in the partnership to develop and advance regulated financial solutions.。