Crypto-investor UAC Holding wants to go public through its merger with TC Unterhaltungselektronik (translate):
AC Holding (UAC), which is involved in blockchain investments, plans to merge with the publicly traded TC Unterhaltungselektronik AG (TCU), according to an ad hoc announcement published on 5 August by TCU.
The planned association should be "evaluated and prepared in the next two months". No later than November, the plans at the meetings will be discussed by both companies.
Shares of TCU are currently traded on the stock exchanges of Frankfurt and Stuttgart. The market capitalization of the company is currently relatively low at around 890,000 euros. According to information on its website, UAC currently has a capitalization of around 120 million euros.
The company describes itself there as "Germany's first crypto GmbH" whose "share capital was 100% provided with a cryptocurrency". This is the so-called Rainbow Currency (YEM).
The TCU claims to specialize in TV products and peer-to-peer technology and is a developer for iTV, IPTV, Android TV and P2P TV.
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