JBDI Holdings completes $900 million acquisition of Glorian Capital
JBDI•JBDI Holdings completed its $900 million acquisition of 100% of Glorian Capital on November 4, 2026. It paid entirely with senior unsecured perpetual zero coupon convertible promissory notes, with no cash paid or payable.
1. Acquisition terms
The notes carry no ordinary interest or fixed maturity date and have a conversion price of $1 per share. Conversions are subject to a 40% aggregate voting interest cap for the sellers. Glorian owns London-based Flicknmix, which develops and operates ZYMIX, an AI-native social networking and digital lifestyle platform.
