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New Deal


Announced

Figure Technologies-backed NovaWulf and Celsius to form NewCo.

Financials

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Transaction Value-
Consideration TypeCash
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Joint Venture

Restructuring

FinTech

financial software

United States

Domestic

Pending

Private

Acquisition

Majority

Friendly

Single Bidder

Synopsis

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Figure Technologies-backed NovaWulf, a digital asset investment firm, and Celsius, a bankrupt cryptocurrency lending company, to form NewCo. Financial terms were not disclosed. "We are excited to partner with NovaWulf to provide the technology infrastructure needed for this reorganization. Our companies are very complementary, and we are both looking to do something transformational," Mike Cagney, Figure CEO and Co-Founder.

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