Orangekloud Technology Inc. Enters into Definitive Agreement to Acquire Orbis Technology Limited, Operator of VeVe
Orangekloud Technology Inc. has entered into a definitive agreement to acquire Orbis Technology Limited, the operator of VeVe. Upon closing, the company will be renamed VeVe Inc. and trade on Nasdaq under the ticker symbol "VEVE," with the transaction contemplating a concurrent private placement of $30 million to $100 million.
Why it matters — ORKT watchers would care because this acquisition will rebrand the company as VeVe Inc. with a new Nasdaq ticker and introduce a significant private placement as part of the transaction.