BlueOne Card to buy 60% stake in Millennium EBS for $12M
seekingalpha
28 Oct 2024
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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