LONDON: Vault Ventures Plc (AQSE: VULT), a UK-based blockchain and fintech technology developer, announced it has signed non-binding heads of terms for the proposed acquisition of Kingbridge Capital Ltd.
Under the proposed all-share deal, Kingbridge will be acquired at 0.0225p per share—a 50% premium to Vault’s closing bid price of 0.015p on July 29—valuing the transaction at approximately £750,000. Kingbridge shareholders will be subject to lock-in provisions to align long-term incentives.
Pending satisfactory due diligence, Vault plans to appoint Kingbridge director and shareholder Kieran King to its board as a Non-Executive Director.
The acquisition is expected to enhance Vault’s crypto asset management capabilities, giving the company direct access to execution and custody infrastructure while reducing costs and reliance on external intermediaries. Vault will also absorb approximately $500,000 (£375,000) in ETH and cash into its treasury, which supports its core operations.
“This acquisition presents a compelling opportunity to layer in institutional-grade yield strategies across BTC, ETH and Solana,” said Brian Stockbridge, chairman of Vault Ventures Plc. “Kingbridge’s operational and regulatory framework aligns perfectly with our capital-efficient treasury strategy and growth ambitions in AI product development.”
The acquisition would constitute a related party transaction under Aquis Growth Market Rules, as Stockbridge and Derek Lew—both substantial shareholders and directors of Vault—hold similar positions in Kingbridge.
Further announcements will follow upon completion of legal and commercial due diligence.