Orangekloud Technology to Acquire Orbis Technology, Become VeVe Inc.

05:02 PM EDT, 08/24/2026 (MT Newswires) -- Orangekloud Technology (ORKT) said Monday it has acquired Orbis Technology, operator of digital collectibles platform VeVe Inc., under a definitive Agreement and Plan of Exchange of Securities. Upon closing, Orbis will become a subsidiary of Orangekloud, which will be renamed VeVe and trade on Nasdaq under the ticker "VEVE." Up to 3,967,705 Orbis capital shares may be exchanged for up to 600 million ordinary shares of Orangekloud. The deal requires a concurrent private placement of Class A ordinary shares for gross proceeds of $30 million to $100 million. The transaction is subject to shareholder and Nasdaq approval, and may be terminated if closing has not occurred by December 31.