Mantra to Be Acquired by Existing Investor Inveniam Capital Partners
Summary
- Real-world asset-focused Layer 1 blockchain Mantra (OM) will be acquired by existing investor Inveniam Capital Partners.
- The companies have signed an acquisition agreement, and the deal is slated to close in the third quarter.
- The market is watching whether the acquisition will provide capital and operational support for management stabilization at Mantra and the expansion of its RWA business.
Forecast Trend Report by Period
Real-world asset-focused Layer 1 blockchain Mantra (OM) will be acquired by existing investor Inveniam Capital Partners.
The companies have signed an acquisition agreement, and the deal is slated to close in the third quarter, The Block reported on June 16.
Financial terms were not disclosed.
Inveniam previously invested $20 million in Mantra before the blockchain project restructured last year.
Earlier this year, Mantra reorganized its operations and cut staff after its OM token plunged more than 90%.
It has since worked to normalize operations and realign its business.
The market is watching whether the acquisition will provide capital and operational support to stabilize Mantra's management and expand its real-world asset business.
