Blockchain payments company Roxe to go public via a SPAC deal

Blockchain payments infrastructure company, Roxe, will list on the Nasdaq via a special purpose acquisition company (SPAC) called Goldenstone Acquisition.

Roxe aims to connect banks, payment firms and consumers with a private blockchain to facilitate cross-border transactions.

Roxe will be valued at $3.6 billion after the merger.

Stockholders in the company will roll 100% of their equity into Goldstone with no minimum cash requirement.

The deal remains subject to approval by Goldenstone stockholders and compliance with Securities and Exchange Commission requirements.