Celsius Chapter 11 Update and Galaxy’s Acquisition of GK8
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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Author: Greg Lim
