Orangekloud signs definitive deal to acquire VeVe operator Orbis, plans Nasdaq ticker change to VEVE

Orbis shareholders would exchange up to 3,967,705 shares for up to 600,000,000 Orangekloud ordinary shares valued at USD 1 each.

Deal terms include a required private placement raising USD 30 million to USD 100 million; Orbis plans a USD 1 million cash deposit within 60 days.

Closing is targeted by Dec. 31, 2026. Orbis holders representing more than 75% have signed, with expectations to reach at least 93%.

Orangekloud entered a definitive securities exchange agreement to acquire Orbis Technology, operator of VeVe, a mobile-first digital collectibles platform.

Orbis would become a subsidiary at closing; the combined company would be renamed VeVe and is expected to trade on Nasdaq as VEVE.