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HireQuest Insiders Hold Significant Ownership, Institutions Hold 13%
ByAinvest
Tuesday, Sep 9, 2025 3:44 pm ET3min read
HireQuest, Inc. (NASDAQ:HQI) insiders have significant skin in the game with 43% ownership, with the top 3 shareholders holding 57% of the business. Institutions hold 13% of the company. Insiders are incentivized to make value accretive decisions due to their significant stake in the company.
Title: CoinShares' Strategic Expansion into the U.S. Market via Nasdaq ListingCoinShares, a leading European asset manager in the digital asset space, has announced plans to list on the Nasdaq U.S. Stock Market through a merger with Vine Hill Capital Investment Corp. (a special purpose acquisition company, or SPAC). The transaction, valued at $1.2 billion on a pro-forma basis, represents a significant strategic shift for the company as it seeks to expand its footprint in the U.S. market, the world's largest asset management market with over half of global assets under management [1].
CoinShares, currently the fourth-largest manager of digital asset exchange-traded products (ETPs) globally and the market leader in Europe with a 34% market share, has seen substantial growth in assets under management (AuM) over the last two years. The company's AuM has tripled, driven by strong investor inflows and successful product launches. CoinShares operates with attractive margins, reporting an Adjusted EBITDA margin of 76% in the first half of 2025 and 68% for the full year of 2024 [1].
The merger is structured through a joint merger plan involving a court-sanctioned Scheme of Arrangement under Jersey Law. Shareholders of CoinShares and Vine Hill will exchange their securities for those of the new combined entity, Odysseus Holdings Limited, which will be listed on the Nasdaq U.S. Stock Market . The transaction is expected to close by the end of the fourth quarter of 2025, subject to shareholder and regulatory approvals [1].
Jean-Marie Mognetti, CEO & Co-Founder of CoinShares, emphasized the strategic significance of the U.S. listing, calling it a "strategic transition" that accelerates the company’s ambition for global leadership. The U.S. is described as the “crucible of the digital asset space,” where favorable regulatory developments are creating tailwinds for compliant operators and unlocking new investor segments [1]. Mognetti highlighted that the European playbook, refined over a decade, will now be deployed in the U.S. to meet growing demand and expand CoinShares’ reach in the world’s largest asset management market [1].
The deal is expected to unlock institutional demand for tokenized assets and next-gen digital products in the U.S. market. CoinShares' expansion aligns with broader trends in digital asset adoption, including the increasing institutional adoption of Bitcoin and Ethereum in corporate treasuries, which has been linked to reduced price volatility . According to a recent JP Morgan report, Bitcoin’s volatility has fallen to historically low levels, making it increasingly comparable to gold in terms of risk-adjusted metrics . This trend is seen as a catalyst for further institutional allocations to Bitcoin, which could mirror those of traditional assets like gold if volatility continues to converge .
The U.S. listing is also expected to enhance CoinShares’ ability to launch next-generation digital asset products beyond simple beta exposure. These products will leverage the company’s proprietary research and capital markets expertise to provide differentiated offerings that target the broader digital asset ecosystem [1]. Additionally, the U.S. market presents significant opportunities for institutional demand in tokenized real-world assets and on-chain financial products, areas where CoinShares aims to establish a competitive edge [1].
The transaction involves a robust governance and compliance framework, with legal advisors including White & Case LLP, Carey Olsen, and Paul Hastings LLP representing CoinShares, Vine Hill, and other stakeholders [1]. Stifel and Keefe, Bruyette & Woods (KBW) are acting as financial advisors and placement agents for the deal [1]. Shareholder approvals are required for the Scheme of Arrangement and the SPAC Merger, with the former expected to be approved by the Court Meeting and the latter by the special meeting of Vine Hill shareholders .
CoinShares’ U.S. expansion strategy is also supported by its recent launch of "The Advisor Series," an educational platform targeting financial advisors, in partnership with TMX VettaFi. This initiative underscores CoinShares’ commitment to building a strong presence in the U.S. wealth management market and positioning itself as the go-to partner for financial advisors seeking to incorporate digital assets into their offerings .
The move to the U.S. is expected to unlock new shareholder value, support future M&A initiatives, and accelerate CoinShares’ expansion across both the U.S. and EMEA regions . The company’s ability to scale its operations and maintain its focus on regulated, institutional-grade digital asset offerings positions it well to capitalize on the evolving market landscape [1]. With regulatory clarity improving in the U.S. and global digital asset adoption on the rise, CoinShares is poised to play a pivotal role in the next phase of the digital asset industry’s growth.
References
[1] CoinShares to Go Public in the U.S. Through US$1.2 Billion Business Combination (https://investor.coinshares.com/pressreleases/coinshares-to-go-public-in-the-u-s-through-us-1-2-billion-business-combination)
CoinShares proposes to change listing venue to a public stock market or other exchange in the US through a joint merger plan with Vine Hill Capital, Odysseus Holdings and others (https://www.globenewswire.com/news-release/2025/09/08/3146024/0/en/CoinShares-proposes-to-change-listing-venue-to-a-public-stock-market-or-other-exchange-in-the-US-through-a-joint-merger-plan-with-Vine-Hill-Capital-Odysseus-Holdings-and-others-and.html)
Bitcoin Attractively Valued as Volatility Falls: JP Morgan (https://etfdb.com/coinshares-crypto-etf-hub/coinshares-channel/volatility-falls-bitcoin-attractively-valued/)
CoinShares Launches The Advisor Series to Educate Financial Advisors on Digital Assets (https://www.coinshares.com/news/coinshares-launches-the-advisor-series-to-educate-financial-advisors-on-digital-assets/)
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