{"id":43357,"date":"2023-01-03T15:32:44","date_gmt":"2023-01-03T19:32:44","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=43357"},"modified":"2023-01-03T15:32:51","modified_gmt":"2023-01-03T19:32:51","slug":"gammarey-merges-with-gologiq-in-320m-merger-deal","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/gammarey-merges-with-gologiq-in-320m-merger-deal\/","title":{"rendered":"GammaRey merges with GoLogiq in $320M merger deal"},"content":{"rendered":"\n
Blockchain finance company GammaRey has merged with e-commerce company <\/a>GoLogiq in a deal worth $320M.<\/h5>\n\n\n\n
\"GammaRey
GammaRey merges with GoLogiq in $320M merger deal<\/figcaption><\/figure>\n\n\n\n

GammaRey, a blockchain finance startup, and GoLogiq, a company specializing in financial e-commerce and consumer data analytics, have agreed to join, according to a statement made on January 3. While GoLogiq concentrates on consumers in Southeast Asia, both businesses are established in the United States.<\/p>\n\n\n\n

GoLogiq will issue $320 million in common stock<\/a>, as required by the agreements, to purchase all of GammaRey's outstanding shares. Subject to requirements, the deal is expected to be completed in the coming weeks.<\/p>\n\n\n\n

The combination, according to the two parties, would “concentrate on the high-growth industry of wealth management for Generation Z and Millennials.” GoLogiq's chairman, Brent Suen, made the following remarks on the transaction:<\/p>\n\n\n\n

\n

“Through this highly synergistic merger, we will have achieved our goal for GoLogiq to become a comprehensive fintech platform for underserved businesses and consumers that is generating strong revenue growth and cash flow.”<\/p>\n<\/blockquote>\n\n\n\n

Suen also said that GammaRey-introduced GoLogiq's latest acquisition target\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, which has managed assets worth more than $9 billion, is nearing completion. After the purchase closes in 2023, the two parties have established a projection of more than $50 million in annual revenue.<\/p>\n\n\n\n

GammaRey, a New York-based company, specializes in developer software and consumer digital wallets. The private corporation claimed to be a “profitable enterprise with robust cash flow” and to have consumer assets worth around $800 million. GoLogiq shares would continue to be traded over the counter after the merger under the symbol GOLQ.<\/p>\n\n\n\n

\n

“GoLogiq also plans to apply for an uplisting to a listed exchange, such as Nasdaq or the NYSE<\/a>. Such an application would be subject to approval based on several factors, including satisfaction of minimum listing requirements.”<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Blockchain finance company GammaRey has merged with e-commerce company GoLogiq in a deal worth $320M. GammaRey, a blockchain finance startup, and GoLogiq, a company specializing in financial e-commerce and consumer data analytics, have agreed to join, according to a statement made on January 3. While GoLogiq concentrates on consumers in Southeast Asia, both businesses are […]<\/p>\n","protected":false},"author":12,"featured_media":43360,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[12936,12935,12811],"class_list":["post-43357","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-gamarey","tag-gologiq","tag-merger-deal"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/01\/image.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/43357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=43357"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/43357\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/43360"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=43357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=43357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=43357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}