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Fourcore Capital has acquired the ownership interest of Global Blockchain Sponsor, in Global Blockchain Acquisition Corp. (NASDAQ: GBBK), becoming the sponsor of this publicly listed investment vehicle. The transaction includes $44 million of sponsor equity in GBBK, paid through Fourcore Promissory Notes, bringing total capital committed to $69 million. The company appointed Robert Sargent as CEO of its wealth management business and added Allen Weiss to its Board of Directors. The GBBK leadership team and Board will remain intact, while Fourcore plans to list one of its portfolio companies through GBBK in the coming year.
Cardea Corporate Holdings has successfully closed a $15 million convertible note financing round, which was oversubscribed and included both existing shareholders and new strategic partners. The funds will be used to accelerate the company's growth through strategic acquisitions and technological infrastructure enhancements.
This financing supports Cardea's plan to strengthen its balance sheet and capital position as it generates strong organic and inorganic asset growth. The company is well-positioned to expand its asset base through a robust pipeline of strategic acquisitions and continued client expansions.
Additionally, Cardea has entered into a definitive agreement for a business combination with Global Blockchain Acquisition Corp. (Nasdaq: GBBK). Upon completion of the transaction, Cardea will be listed on the Nasdaq Stock Market, providing financing to fund its global growth strategy.
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