Crypto mining company PrimeBlock plans to be listed on the Nasdaq by merging with a special purpose acquisition company.
Crypto miner PrimeBlock announced its intention to be listed on the Nasdaq stock exchange by merging with 10X Capital Venture Acquisition Corp. II, a special purpose acquisition company and a subsidiary of 10X Capital.
The combined company will be valued at an estimated $1.25 billion and the goal is for the merger be completed by the second half of 2022, according to the announcement.for these companies that would heighten disclosure standards, making the process more similar to a traditional initial public offering .
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