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BlueOne Card to buy 60% stake in Millennium EBS for $12M

seekingalpha
2024-10-28
  • BlueOne Card (OTCQX:BCRD) to acquire 60% equity interest in Millennium EBS for $12M.
  • This acquisition positions BlueOne Card (OTCQX:BCRD) to emerge as a prominent payment hub and prepaid debit card provider, significantly expanding its reach and capabilities globally in the fintech sector.
  • The acquisition includes ownership of the Millennium EBS Payment Hub, an advanced payment orchestration and modernization platform.
  • Millennium EBS shareholders will receive ~17% equity ownership stake in BlueOne Card, while BlueOne will own a 60% stake in Millennium EBS.
  • The company aims to work towards meeting NASDAQ listing requirements by Q4 2026.

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