Diginex Digital assets company merges with 8i before Nasdaq listing

Diginex Digital assets company merges with 8i before Nasdaq listing

Diginex Limited (“Diginex” or the “Company”), a digital assets financial services company, announced that shareholders of 8i Enterprises Acquisition Corp. (NASDAQ: JFK) (“8i”), a special purpose acquisition company, voted to approve the proposed business combination transaction (the “Transaction”) with Diginex at a Special Meeting of Shareholders held for this purpose on September 15, 2020. 

Shareholders overwhelmingly supported the merger, with holders of 5,862,104 shares of 8i, or approximately 81.27% of the issued and outstanding shares of 8i, voting to approve the Transaction. This is a critical step towards the listing of Diginex, with both parties expecting the Transaction to close later this month, pending, among other things, final documentation and filings with applicable regulators. Following the closing, Diginex’s shares will trade on Nasdaq under the ticker symbol “EQOS” and its warrants will trade under the ticker “EQOSW.” 

The business combination means that Diginex will become the first listed company on Nasdaq with a cryptocurrency exchange, offering investors the opportunity to participate in the growth of this emerging asset class via the public markets.   

Diginex brings together a comprehensive ecosystem of financial services for digital assets. It will comprise the recently launched cryptocurrency exchange EQUOS.io, digital asset trading technology platform Diginex Access, securitization advisory firm Diginex Capital, digital asset custody provider Digivault and the investment management business Bletchley Park Asset Management. 

Richard Byworth, CEO of Diginex, said: “Today marks a significant milestone for Diginex. Receiving shareholder approval during unprecedented market conditions is a significant achievement and is a testament to the enormous opportunity that the digital assets financial services industry provides. With the expected listing, digital asset and cryptocurrency investing will become much more accessible to a wider range of participants.” 

“The COVID-19 pandemic continues to affect global economies but has also created the conditions for accelerated [institutional] adoption of digital assets which we are well positioned to take advantage of as we build out and scale our digital assets ecosystem, a trend we expect to continue over the long term.”  

“Later this month, US equity investors will be able to invest directly in Diginex and participate in the growth we are seeing in our trading, custody, advisory, and asset management services. We believe that our expected listing will bring a new level of innovation, trust, fairness and compliance to this industry.”

Source: diginex press release
Home

Copyrights © 2020 The Unlock Company DMCC

Stay updated with the latest Blockchain news. Subscribe and never miss a story!