Nukkleus Signs MOU to Substantially Increase Holdings in Jacobi Asset Management

Nukkleus a pioneering force in the fintech industry, announced the signing of a Memorandum of Understanding (MOU), that contemplates a substantial increase in Nukkleus’ holdings in Jacobi Asset Management (“Jacobi”).

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Jacobi, distinguished as the sponsor of Europe’s only regulated and approved Bitcoin spot ETF traded on Euronext, represents a strategic alignment with Nukkleus’ vision and commitment to pioneering in the fintech industry. This partnership extends Nukkleus’ reach into innovative financial markets, complementing its diverse portfolio that includes breakthrough technologies in blockchain-powered payment solutions and digital asset management.

The MOU outlines a framework for Nukkleus to negotiate the acquisition of an additional 10% stake in Jacobi outright, as well as an option to acquire One Hoxton Holding Ltd, which would hold an additional 6% of Jacobi. This potential acquisition, combined with Nukkleus’ existing holdings, would increase Nukkleus’ total stake in Jacobi to approximately 20%. Furthermore, as part of the MOU, Nukkleus has been granted a right of first refusal in these negotiations.

The MOU is effective for a period of 90 days and may be extended by mutual agreement in writing. Completion of the proposed acquisition will be subject to successful completion of diligence and the negotiation and execution of definitive agreements.

“Increasing our stake in Jacobi Asset Management is a strategic move that aligns with Nukkleus Inc.’s vision of pioneering in the fintech industry. This investment underscores our commitment to leveraging innovative financial tools like blockchain and digital assets to transform and democratize the global financial landscape. We are not just keeping pace with the future of finance; we are actively shaping it to be more accessible, efficient, and inclusive,” said Emil Assentato, CEO and Chairman of Nukkleus.

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Martin Bednall, CEO of Jacobi Asset Management commented: “We are excited by the prospect of deepening our relationship with Nukkleus through this MOU, supporting the growth of Jacobi. This step symbolizes our mutual commitment to innovation in the fintech sector. The potential increase in Nukkleus’ stake in Jacobi marks a significant milestone towards collaborative development and the advancement of regulated financial solutions in the market.”