Valereum to make $2.5M investment in Blubird Global
Valereum PLC today announced a US$2.5 million strategic investment in Blubird Global, Inc., for a minority stake and will be granted a Board observer seat.
The Investment will be made in eight tranches. The Company expects to complete the acquisition of the first tranche of shares in June 2025, with the remaining tranches expected to be completed by September 2025.
Blubird, a Delaware-based SaaS business, provides mission-critical tools to Web3 startups, as well as traditional Web2 companies migrating to Web3’s blockchain technology, with the aim of innovating and disrupting traditional markets. Blubird’s tools provide cap table management, tokenomics modeling, Real-World Asset (RWA) tokenisation, smart contract deployment and more.
Over US $55 billion in assets have already been tokenised and are administered on Blubird’s platform. Subject to issuer consent and technical and regulatory approval, Valereum and Blubird (“the Parties”) will initially target up to US $2 billion of these assets for listing on Valereum’s forthcoming marketplace.
Blubird operates primarily from the USA, serving corporate clients, carbon trading initiatives, asset managers, founders, and developers globally across multiple jurisdictions and industry sectors. Its platform integrations and team have been strategically positioned to support the needs of users across both Eastern and Western markets.
Under the terms of the Investment, the final tranche, which is expected to be around $1.6m will be paid in cash to the extent agreed in writing by both Parties, with the balance in the form of new Valereum plc ordinary shares. However, the Directors expect that the full consideration will be satisfied in cash.
Fortified Securities have indicated that they intend to support Valereum and their investment in Blubird through the proposed placing of 12.5 million new Valereum ordinary shares of £0.001 each at a price of £0.04 per share, which equates to £500,000 of new funding for the Company.