ORKT will rebrand as VeVe Inc. following the purchase of digital collectibles platform Orbis Technology Limited.
Orangekloud Technology (ORKT) has agreed to acquire Orbis Technology Limited, the operator of the VeVe digital collectibles platform. The deal will see Orbis become a subsidiary of ORKT, which will rebrand as VeVe Inc. and seek a Nasdaq listing under the ticker “VEVE.”
The acquisition marks a strategic expansion into the digital collectibles market. No financial terms were disclosed in the announcement. Orangkleloud currently trades on a smaller exchange but aims to transition to a major U.S. platform.
Shares of ORKT rose following the announcement, reflecting investor optimism about the deal and potential Nasdaq uplisting.