CoinShares plans to go public in the US and aims to raise approximately $50 million.

According to ChainCatcher, citing GlobeNewswire, digital asset management firm CoinShares has announced plans to merge with Vine Hill Capital Investment Corp, a special purpose acquisition company listed on the Nasdaq Stock Market, and Jersey-based entity Odysseus Holdings Limited. The move aims to shift the listing venue of CoinShares' common shares from Nasdaq Stockholm Exchange to the US Nasdaq Stock Market.

In addition, the company plans to privately issue 5,000,000 common shares to private investors at a price of $10.04 per share, raising approximately $50 million.