Valereum (AQSE:VLRM) has entered a confidential settlement agreement with Blubird Global, resolving all matters relating to its prior investment and ending the parties' earlier investment agreements.
Under the terms, Valereum will receive 504,824 common shares in Blubird, representing approximately 5.66% of Blubird's fully diluted share capital, and 1.98m BLU tokens, which are to be released on a linear basis over 24 months.
The agreement constitutes a full and final settlement of all claims between the companies, includes customary mutual releases and "does not constitute an admission of liability."
"The Directors of the Company accept responsibility for the contents of this announcement," Valereum said.
The announcement follows Valereum's earlier update of 2 April and replaces the previous contractual arrangements between the two parties. No further financial terms, timings beyond the token-release schedule, or operational details were disclosed in the settlement notice.
