Celsius Network Plans Merger of US and UK Entities

Celsius Network, the defunct crypto lender, is planning to merge its United Kingdom and United States entities as new court filings allege that any supposed distinction between the two companies was a ”sham.” The move comes after the Financial Conduct Authority (FCA) issued a warning to Celsius Network Limited (CNL) in June 2021 to cease operations in the U.K., prompting the creation of a Limited Liability Company in the state of Delaware to transfer assets to the new company.Celsius Network, the defunct crypto lender, is planning to merge its United Kingdom and United States entities as new court filings allege that any supposed distinction between the two companies was a ”sham.” The move comes after the Financial Conduct Authority (FCA) issued a warning to Celsius Network Limited (CNL) in June 2021 to cease operations in the U.K., prompting the creation of a Limited Liability Company in the state of Delaware to transfer assets to the new company.Celsius Network, the defunct crypto lender, is planning to merge its United Kingdom and United States entities as new court filings allege that any supposed distinction between the two companies was a ”sham.” The move comes after the Financial Conduct Authority (FCA) issued a warning to Celsius Network Limited (CNL) in June 2021 to cease operations in the U.K., prompting the creation of a Limited Liability Company in the state of Delaware to transfer assets to the new company.Celsius Network, the defunct crypto lender, is planning to merge its United Kingdom and United States entities as new court filings allege that any supposed distinction between the two companies was a ”sham.” The move comes after the Financial Conduct Authority (FCA) issued a warning to Celsius Network Limited (CNL) in June 2021 to cease operations in the U.K., prompting the creation of a Limited Liability Company in the state of Delaware to transfer assets to the new company.