Prime Blockchain to go public via a merger with 10X Capital Venture Acquisition II in a $1.32bn deal.

Prime Blockchain, an infrastructure provider for blockchain technology, agreed to go public via a merger with 10X Capital Venture Acquisition II, a special purpose acquisition company sponsored by 10X Capital, in a $1.32bn deal. The transaction includes a PIPE investment from CF Principal Investments. “We are excited to bring PrimeBlock public with the support of our investors and the experienced team from 10X Capital. We believe the transaction will provide tremendous momentum for our next phase of growth. In addition, our partnerships with key suppliers are expected to enhance our ability to rapidly scale the business. We believe we are well-positioned to leverage our infrastructure and technology to provide PrimeBlock’s customers access to the underlying economics of public blockchains,” Gaurav Budhrani, PrimeBlock CEO.