Vauld told the court in an affidavit that the discussions with the fund managers are at an advanced stage, the person said.
The company is among a string of crypto lenders that suffered major damage in last year’s digital-asset rout. It’s also in a simmering dispute with Nexo Capital Inc., which is attempting to acquire Vauld.
Vauld reiterated in the affidavit that it won’t proceed with any deal with Nexo, according to the person. The latter’s office in Sofia was raided by Bulgarian police last week as part of an investigation into suspected money laundering and tax crimes.
Vauld didn’t immediately reply to a request for comment. The Block first reported about the court-granted extension.
