Osprey Announces Termination of Asset Purchase Agreement
Osprey Funds announced the termination of its previously announced Asset Purchase and Contribution Agreement (APA) for the Osprey Bitcoin Trust (OBTC). The termination occurred because the parties failed to receive all necessary regulatory approvals by the December 31, 2024 deadline. The company stated it will provide investors with an update regarding strategic alternatives for OBTC at a later date.
Osprey Funds ha annunciato la risoluzione del suo accordo di acquisto di attività e contributo (APA) precedentemente annunciato per l'Osprey Bitcoin Trust (OBTC). La risoluzione è avvenuta perché le parti non sono riuscite a ricevere tutte le approvazioni regolamentari necessarie entro la scadenza del 31 dicembre 2024. La società ha dichiarato che fornirà agli investitori un aggiornamento riguardo alle alternative strategiche per OBTC in una data successiva.
Osprey Funds anunció la terminación de su acuerdo de compra de activos y contribución (APA) previamente anunciado para el Osprey Bitcoin Trust (OBTC). La terminación ocurrió porque las partes no recibieron todas las aprobaciones regulatorias necesarias antes de la fecha límite del 31 de diciembre de 2024. La compañía declaró que proporcionará a los inversores una actualización sobre alternativas estratégicas para OBTC en una fecha posterior.
Osprey Funds는 Osprey Bitcoin Trust(OBTC)를 위한 자산 구매 및 기여 계약(APA)의 종료를 발표했습니다. 종료는 양측이 2024년 12월 31일까지 필요한 모든 규제 승인을 받지 못했기 때문입니다. 회사는 나중에 OBTC에 대한 전략적 대안에 대한 업데이트를 투자자들에게 제공할 것이라고 밝혔습니다.
Osprey Funds a annoncé la résiliation de son Accord d'Achat d'Actifs et de Contribution (APA) précédemment annoncé pour le Osprey Bitcoin Trust (OBTC). La résiliation a eu lieu parce que les parties n'ont pas réussi à obtenir toutes les approbations réglementaires nécessaires avant la date limite du 31 décembre 2024. La société a déclaré qu'elle fournirait aux investisseurs une mise à jour concernant les alternatives stratégiques pour OBTC à une date ultérieure.
Osprey Funds hat die Beendigung seines zuvor angekündigten Asset Purchase and Contribution Agreement (APA) für den Osprey Bitcoin Trust (OBTC) bekannt gegeben. Die Beendigung erfolgte, weil die Parteien bis zum Stichtag am 31. Dezember 2024 nicht alle erforderlichen regulatorischen Genehmigungen erhalten haben. Das Unternehmen erklärte, dass es den Investoren zu einem späteren Zeitpunkt ein Update zu strategischen Alternativen für OBTC geben wird.
- None.
- Failure to obtain regulatory approvals for the Asset Purchase Agreement
- Termination of a significant business transaction
- Uncertainty regarding OBTC's future strategic direction
Osprey intends to subsequently provide its investors with an update as to its strategic alternatives for OBTC.
About Osprey Funds
Osprey Funds, LLC offers common-sense solutions to digital asset investing. Based in
Forward-Looking Statements
This press release contains “forward-looking statements.” These forward-looking statements include, without limitation, statements relating to exploring strategic alternatives, and the timing of such strategic alternatives. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based on Osprey’s current beliefs, expectations and assumptions regarding the future of OBTC. No representations or warranties (expressed or implied) are made about the accuracy of any such forward-looking statements. Except as required by law, Osprey does not undertake any obligation to publicly update or revise any forward-looking statement, whether as result of new information, future events or otherwise.
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Media Contact
Gregory FCA for Osprey Funds
Caitlyn Kardish
caitlyn@gregoryfca.com
484-798-7730
Source: Osprey Funds, LLC
FAQ
Why was the Osprey Bitcoin Trust (OBTC) Asset Purchase Agreement terminated?
What happens to OBTC investors after the Asset Purchase Agreement termination?
When was the deadline for regulatory approvals for OBTC's Asset Purchase Agreement?
What are the next steps for the Osprey Bitcoin Trust (OBTC) following the APA termination?
