Purpose Investments announced the successful completion of the merger between Purpose Ether Staking Corp. (ETHC.B) and Purpose Ether ETF (ETHH.B) on February 13, 2026. The transaction was executed on a tax-deferred basis, with ETHC.B shareholders receiving ETHH.B shares at an exchange ratio of 0.400366 per share held.
As part of the merger completion, Purpose Investments declared a special notional capital gains distribution of $0.0307 per share for ETHC.B shareholders. This distribution reflects accumulated gains realized through the consolidation of the two investment vehicles into a single ETF structure.
The merger consolidates Purpose Investments' ether staking offerings under a unified fund structure, streamlining the company's cryptocurrency investment products for shareholders. The tax-deferred structure of the transaction preserves the tax efficiency typically associated with such corporate reorganizations.