Nicosia, Cyprus. GlobalWealth Group PLC said on Monday it has reached substantial completion of its strategic share exchange with the founders and shareholders of Wealthyhood Ltd. The company said the transaction is part of its previously announced entry into the wealthtech sector.
Transaction progress
The company said it has acquired 40,718 ordinary shares of Wealthyhood Ltd from existing shareholders to date.
In exchange for these shares, GlobalWealth Group said it has issued and allotted 3,542,466 new ordinary shares to the respective shareholders of Wealthyhood Ltd.
Planned acquisition
The transaction is part of an earlier announced plan to acquire a total of 41,520 ordinary shares in exchange for 3,612,240 new ordinary shares of GlobalWealth Group.
Once the full process is completed, the company said its final expected stake in Wealthyhood Ltd will reach 25.31 per cent of the issued share capital.
Previous announcements
GlobalWealth Group said the development follows previous official communications dated April 02, 2025, September 15, 2025, March 03, 2026, and May 06, 2026, regarding the transaction and the company’s strategic entry into the wealthtech sector.
Next steps
The company said it will keep the investing public informed of any material developments relating to the transaction.
It added that it will issue a further announcement once the remaining formal corporate procedures for the outstanding portion of the share exchange, as well as the strategic partnership as a whole, have been fully completed.
