cryptocurrency ETF issuer WisdomTree announced that it has completed the acquisition of alternative asset management company Ceres Partners. This transaction will expand its business to exchange-traded products (ETP), custody, and tokenized markets. The acquisition amount includes $275 million in cash paid at the time of the transaction and up to $225 million in profit consideration.

(Note: Profit consideration is a common valuation adjustment mechanism in acquisition transactions. After paying the base price, the buyer can pay additional funds based on specific target company performance indicators. Unlike a wager agreement, profit consideration adjustments focus more on quantifiable objective data, reducing human intervention factors)