Celsius Chapter 11 Update and Galaxy's Acquisition of GK8

December 7, 2022, 10:16AM EST

• 3 min read

Quick Take

Galaxy Digital agrees to purchase GK8 from Celsius for ~$44.0mm
Required escrow deposit of ~$5.4mm from November 3, 2022 agreement
Celsius KERP approved in late November 2022 after being denied earlier this year
Part of Celsius’s ongoing Chapter 11 proceedings

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Source: https://www.theblockresearch.com/celsius-chapter-11-update-and-galaxys-acquisition-of-gk8-192771?utm_source=rss&utm_medium=rss