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M&A / Property

Banxa Holdings and OSL Group Complete Previously Announced Take-Private Transaction

By The Northwire Desk — AI Analysis Jan 02, 2026 · 07:01 BNXA · 1.48 Banxa Holdings Inc.
BNXA · Price

Executive Summary

  • Banxa Holdings Inc. completed a court‑approved plan of arrangement, resulting in 100 % ownership by OSL BNXA Acquisition Inc., a subsidiary of the OSL Group.
  • Each registered Banxa shareholder will receive cash consideration of C$1.55 per share, totaling approximately C$80.36 million for all outstanding shares.
  • Following completion, Banxa will cease to be a reporting issuer in Canada and its TSXV, OTC Pink, and Frankfurt listings are expected to be delisted by early January 2026.

Key Details

  • Arrangement Effective Time: 12:01 a.m. Vancouver time on 2 Jan 2026.
  • Consideration Paid: C$1.55 per Banxa share; aggregate cash paid C$80,355,230.20 for 51,842,084 shares (100 % of issued and outstanding shares).
  • Shareholder Process:
  • Registered shareholders must complete the Letter of Transmittal and deliver any physical certificates to TSX Trust Company.
  • Non‑registered shareholders should coordinate with their intermediaries.
  • Holders of stock options/warrants instructed to contact Banxa for guidance on any entitlement.
  • Delisting Schedule: Expected delisting from TSXV by close of business 5 Jan 2026; subsequent delistings from OTC Pink and Frankfurt exchanges thereafter.
  • Regulatory Actions: Banxa has applied to cease being a reporting issuer under Canadian securities laws; an early‑warning report will be filed per NI 62‑104/62‑103.
  • Legal Counsel: Cassels Brock & Blackwell LLP (Banxa) and Stikeman Elliott LLP (OSL Group).
  • Strategic Rationale Quote: “By officially joining the OSL Group, we are uniting our extensive global payment network with Asia’s leading stablecoin and trading infrastructure… creating a powerful, regulated engine that will accelerate our shared mission…” – Zafer Qureshi, Co‑CEO, Banxa.

Notable Quotes

  • Zafer Qureshi, Co‑Chief Executive Officer, Banxa:

    “Today marks a pivotal milestone in Banxa’s journey… this combination creates a powerful, regulated engine that will accelerate our shared mission to bridge the gap between traditional finance and the digital asset economy.”

All forward‑looking statements are subject to risks and uncertainties as disclosed in the release.

Read the original news release →

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