The Weekly Wrap: all you need to know by Friday COB | Nov 28th

By Puja Sharma

The Weekly Wrap is published every Friday and recaps the week’s main stories and deals, as well as upcoming events and announcements for Prime subscribers only.

The Big Story

Valereum Plc has raiseed $200 million in Royalty and Streaming (R&S) capital from Valereum QGP-SP, a special purpose segregated portfolio company being formed under Quorium Global Photonics SPC. The agreement marks one of the company’s largest planned capital injections to date and positions it for a potential listing on a U.S. national exchange, either Nasdaq or the NYSE.

Under the terms, Valereum QGP-SP will provide the $200 million through QMTN Perpetual Call Certificates carrying an annual interest of $10.5 million at a 5.25% coupon. In exchange, Valereum QGP-SP will receive a one-year option to acquire up to 49.9% of Valereum’s prevailing share capital, with the conversion price to be mutually agreed. Any future equity subscription would take the form of a swap of the committed $200 million or other R&S facilities backed by an over-collateralised pool of QGP-SP royalty and streaming mining assets. These assets are underwritten by Lloyd’s of London and rated at least investment grade by agencies including A.M. Best, Fitch, Moody’s and S&P.

Valereum said the capital commitment is intended to accelerate development of its crypto, blockchain and tokenisation platforms, particularly its AI-driven royalty and streaming infrastructure, and support the build-out of a Digital Asset Treasury. The company also plans to pursue acquisitions and partnerships across regulated financial and digital ecosystems, while expanding internationally into new markets and technology verticals.

The company noted that the strengthened balance sheet will include not only the proposed USD 200 million investment but also the ability to issue additional equity, including up to 10% of share capital to a minority strategic investor and further shares on an opportunistic basis.

Deals of the week

• BKN301 raises £29m, acquires Planky to boost AI banking
• Asseta AI raises $4.2m to build smarter tech for family offices
• Revolut concludes funding round, secures $75bn valuation
• First Circle raises $30m to back Africa’s next FinTech leaders
• PayTrace & TreviPay enable pay-later for B2B buyers
• NPST & Cosmos Bank partner to expand QR-based UPI payments
• Southland CU taps Eltropy to enhance digital communication
• Solflare & Mastercard unveil self-custody crypto card

Be on the lookout for