Cardea Successfully Closes $15 Million Convertible Note Financing
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.
Cardea Corporate Holdings ha chiuso con successo un round di finanziamento di 15 milioni di dollari tramite note convertibili, che è stato sovrascritto e ha incluso sia azionisti esistenti che nuovi partner strategici. I fondi saranno utilizzati per accelerare la crescita dell'azienda attraverso acquisizioni strategiche e miglioramenti dell'infrastruttura tecnologica.
Questo finanziamento supporta il piano di Cardea di rafforzare il proprio bilancio e la propria posizione patrimoniale mentre genera una forte crescita organica e inorganica degli asset. L'azienda è ben posizionata per ampliare la propria base patrimoniale attraverso un robusto pipeline di acquisizioni strategiche e un'espansione continua dei clienti.
Inoltre, Cardea ha stipulato un accordo definitivo per una combinazione aziendale con Global Blockchain Acquisition Corp. (Nasdaq: GBBK). Al termine della transazione, Cardea sarà quotata sul mercato azionario Nasdaq, fornendo finanziamenti per supportare la sua strategia di crescita globale.
Cardea Corporate Holdings ha cerrado con éxito una ronda de financiamiento de 15 millones de dólares mediante notas convertibles, que fue sobre suscrita e incluyó tanto a accionistas existentes como a nuevos socios estratégicos. Los fondos se utilizarán para acelerar el crecimiento de la empresa mediante adquisiciones estratégicas y mejoras en la infraestructura tecnológica.
Este financiamiento apoya el plan de Cardea de fortalecer su balance y su posición de capital mientras genera un fuerte crecimiento orgánico e inorgánico de activos. La empresa está bien posicionada para expandir su base de activos a través de un sólido pipeline de adquisiciones estratégicas y una continua expansión de clientes.
Además, Cardea ha firmado un acuerdo definitivo para una combinación de negocios con Global Blockchain Acquisition Corp. (Nasdaq: GBBK). Una vez completada la transacción, Cardea se listará en el Mercado de Valores Nasdaq, proporcionando financiamiento para respaldar su estrategia de crecimiento global.
카르디아 코퍼릿 홀딩스는 1,500만 달러 규모의 전환사채 자금 조달 라운드를 성공적으로 마감했으며, 기존 주주들과 새로운 전략적 파트너들이 포함된 과도한 구독으로 이루어졌습니다. 이 자금은 전략적 인수 및 기술 인프라 개선을 통해 회사의 성장을 가속화하는 데 사용될 것입니다.
이 자금 조달은 카르디아가 강력한 유기적 및 비유기적 자산 성장 효과를 내며 재무상태를 강화하고자 하는 계획을 지원합니다. 이 회사는 전략적 인수에 대한 강력한 파이프라인과 지속적인 고객 확장을 통해 자산 기반을 확장할 수 있는 좋은 위치에 있습니다.
또한 카르디아는 Global Blockchain Acquisition Corp. (Nasdaq: GBBK)와의 사업 결합을 위한 확정 계약을 체결했습니다. 거래가 완료되면 카르디아는 나스닥 증권 시장에 상장되어 글로벌 성장 전략을 위한 자금을 제공할 것입니다.
Cardea Corporate Holdings a réussi à conclure un tour de financement de 15 millions de dollars sous forme de billets convertibles, qui a été sursouscrit et a inclus à la fois des actionnaires existants et de nouveaux partenaires stratégiques. Les fonds seront utilisés pour accélérer la croissance de l’entreprise grâce à des acquisitions stratégiques et des améliorations de l’infrastructure technologique.
Ce financement soutient le plan de Cardea de renforcer son bilan et sa position en capital tout en générant une forte croissance organique et inorganique des actifs. L’entreprise est bien positionnée pour élargir sa base d’actifs grâce à un solide pipeline d’acquisitions stratégiques et une expansion continue des clients.
De plus, Cardea a signé un accord définitif pour une combinaison d’affaires avec Global Blockchain Acquisition Corp. (Nasdaq: GBBK). À l’issue de la transaction, Cardea sera cotée sur le marché boursier Nasdaq, fournissant du financement pour soutenir sa stratégie de croissance mondiale.
Cardea Corporate Holdings hat erfolgreich eine Finanzierungsrunde über 15 Millionen Dollar in Form von wandelbaren Anleihen abgeschlossen, die überzeichnet war und sowohl bestehende Aktionäre als auch neue strategische Partner umfasst. Die Mittel werden verwendet, um das Wachstum des Unternehmens durch strategische Übernahmen und Verbesserungen der technologischen Infrastruktur zu beschleunigen.
Diese Finanzierung unterstützt den Plan von Cardea, die Bilanz und die Kapitalposition zu stärken, während es ein starkes organisches und anorganisches Wachstum der Assets generiert. Das Unternehmen ist gut positioniert, um seine Vermögensbasis durch eine robuste Pipeline strategischer Übernahmen und eine kontinuierliche Kundenexpansion auszubauen.
Darüber hinaus hat Cardea einen definitiven Vertrag über eine Unternehmensfusion mit Global Blockchain Acquisition Corp. (Nasdaq: GBBK) abgeschlossen. Nach Abschluss der Transaktion wird Cardea an der Nasdaq-Börse notiert sein, was die Finanzierung zur Unterstützung seiner globalen Wachstumsstrategie ermöglichen wird.
- Successful closure of $15 million convertible note financing round
- Oversubscribed round with participation from existing shareholders and new strategic partners
- Funds to be used for strategic acquisitions and technological infrastructure enhancements
- Definitive agreement for business combination with Global Blockchain Acquisition Corp. (Nasdaq: GBBK)
- Upcoming Nasdaq listing upon completion of the business combination
- None.
Insights
The $15 million convertible note financing is a significant development for Cardea, bolstering its financial position. This capital injection provides increased liquidity and flexibility for strategic acquisitions and technological improvements. The oversubscription indicates strong investor confidence in Cardea's growth prospects. However, it's important to note that convertible notes can potentially dilute existing shareholders if converted to equity. The upcoming Nasdaq listing through the SPAC merger with Global Blockchain Acquisition Corp. could further enhance Cardea's access to capital markets and visibility. Investors should monitor how effectively Cardea deploys this capital for growth and whether it translates into tangible financial improvements in the coming quarters.
Cardea's successful fundraising in the current economic climate is noteworthy. The asset management industry is experiencing consolidation and Cardea's strategy of growth through acquisitions aligns with this trend. The company's focus on technological infrastructure enhancements is important in an increasingly digital financial services landscape. The participation of both existing shareholders and new strategic partners in this round suggests a positive outlook on Cardea's business model. However, investors should be cautious about the execution risks associated with rapid expansion and integration of acquisitions. The upcoming Nasdaq listing could potentially increase Cardea's market visibility and liquidity, which may positively impact its valuation and future capital-raising capabilities.
The convertible note financing and the pending SPAC merger present complex legal considerations. Investors should scrutinize the terms of the convertible notes, including conversion prices and any potential anti-dilution provisions. The SPAC merger with Global Blockchain Acquisition Corp. will require careful regulatory compliance, particularly regarding SEC disclosure requirements. As Cardea expands globally through acquisitions, it will face varying regulatory landscapes, necessitating robust legal due diligence. The transition to a publicly-traded company on Nasdaq will bring additional compliance obligations, including more stringent financial reporting and corporate governance standards. Shareholders should monitor how Cardea adapts to these new legal and regulatory challenges as it grows and becomes a public entity.
The oversubscribed convertible note round included both existing shareholders and new strategic partners.
Jordan Waring, Chairman and Group CEO of Cardea said, “This financing advances our plan to enhance our balance sheet and capital position as we generate strong organic and inorganic asset growth. The proceeds from this round will enable us to pursue strategic opportunities that will drive long-term value for all our stakeholders. We thank our investors and strategic partners for their ongoing trust and support.”
Neil Fillary, President and International CEO of Cardea added, “The successful closure of this convertible note round provides us ample flexibility as we continue to execute our long-term growth strategy. We appreciate the confidence investors have in Cardea’s future. We are well positioned to continue to expand our asset base through our robust pipeline of strategic acquisitions as well as continued client expansions and wins.”
Additional Information
On August 17, 2023, Cardea entered into a definitive agreement for a business combination with Global Blockchain Acquisition Corp. (Nasdaq: GBBK), a special purpose acquisition company. Upon the completion of the transaction, Cardea will be listed on The Nasdaq Stock Market LLC (“Nasdaq”). The transaction is expected to provide Cardea with financing to fund its growth strategy globally. Cardea aims to create value through aggregation and integration, bringing new and innovative wealth management solutions to acquisitions as they are integrated.
About Cardea
Cardea is an emerging leader in global asset, wealth and investment management committed to delivering innovative solutions and exceptional value to its clients. With a strong focus on growth and operational excellence through open architecture and disciplined investment portfolios, Cardea develops tailored strategies to match the ambitions and needs of each of its advisors and clients. For more information, visit https://cardeacap.com/.
About Global Blockchain Acquisition Corp.
Global Blockchain Acquisition Corp. is a blank check company organized for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses or entities. While GBBK may pursue an initial business combination target in any business, industry or geographical location, it intends to focus its search on businesses that are focused on blockchain related technology, economy, industries, and solutions.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240812776701/en/
Media:
Prosek Partners
Kiki O’Keeffe / Forrest Gitlin
Pro-Cardea@prosek.com
Source: Cardea Corporate Holdings Inc.
FAQ
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