ONUS Reaches Acquisition Agreement with Vemanti Group, Expanding Global Market

    NGUYỄN ĐĂNG |

    With the aim of increasing capital to expand into international markets and expand its position, XPLOR Technology Pte. Ltd, the parent company of the ONUS platform, has reached an agreement to sell 51% of its shares to Vemanti Group, Inc., an investment group, a public company in the United States. After acquiring a majority stake in ONUS, Vemanti Group plans to list its VMNT shares on the NASDAQ in 2025.

    The share sale is expected to close in Q1 2025. Upon completion, the ONUS ecosystem’s financial operations will be fully integrated into Vemanti Group’s financial statements, strengthening the business outlook and credentials for listing VMNT shares on NASDAQ.

    The share purchase agreement between Vemanti and XPLOR represents a major step forward for both parties. For XPLOR and the ONUS ecosystem, in addition to having additional capital to develop their business, reaching an agreement to sell 51% of their shares to Vemanti Group is a premise for international expansion, facilitating the deployment of financial products in the United States.

    For Vemanti Group, reaching an agreement to acquire 51% of XPLOR's shares also marks an important step forward in the group's Fintech sector, towards completing the necessary requirements for the process of listing shares on NASDAQ.

    XPLOR is headquartered in Singapore, focusing on harnessing cutting-edge technology and managing a portfolio of fintech projects; investing and supporting projects that push the boundaries of digital finance…

    NGUYỄN ĐĂNG
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