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M&A / Property

The INX Digital Company, Inc. Announces Successful Closing of Transaction with Republic

By The Northwire Desk — AI Analysis Nov 10, 2025 · 13:56 INXD · 0.16 THE INX DIGITAL COMPANY, INC.
INXD · Price

Executive Summary

  • INX Digital Company completed its previously announced plan of arrangement, resulting in Republic acquiring all outstanding INX common shares.
  • Shareholders receive US$0.1328 cash per share plus one contingent value right (CVR) worth an additional US$0.1063 payable on December 11 2026; the Cash Fund totals approximately US$34.3 million.
  • The transaction triggers a temporary halt of INX Token trading, delisting of INX common shares from Cboe Canada, and the company’s intent to cease reporting as a public issuer.

Key Details

  • Consideration to Shareholders: US$0.1328 cash per share + one CVR per share (US$0.1063 payable 12/11/2026).
  • Cash Fund: Approximately US$34.3 million available for distribution to INX Token holders; distribution to begin within 72 hours of the cut‑off date.
  • Trading Halt: INX Token trading halted at 7:00 a.m. ET on Nov 11 2025; expected to resume at 8:00 a.m. ET. All open orders cancelled.
  • Delisting: INX common shares expected to be delisted from the Cboe Canada exchange on or about Nov 10 2025.
  • Reporting Status: Company will apply to cease being a reporting issuer under Canadian securities laws and terminate public reporting requirements.
  • Post‑Merger Integration: CFO Naama Falach will resign; no other management changes disclosed.
  • Shareholder Action Required: Registered shareholders must complete, sign, date, and return the letter of transmittal (available on SEDAR+) to receive consideration. Holders with shares in brokerage or nominee accounts should contact their intermediaries.
  • Regulatory Filings: Management information circular and early warning report filed on SEDAR+.

Notable Quotes

“There’s no better moment to close this deal… Together, Republic and INX are perfectly positioned to lead this shift.” – Shy Datika, Founder & CEO, INX

“The completion of this transaction marks a pivotal step toward building a unified, regulated, and global digital financial marketplace.” – Kendrick Nguyen, Co‑founder & Co‑CEO, Republic

Read the original news release →

More from THE INX DIGITAL COMPANY, INC.

Oct 21, 2025 · 16:25

INX and Republic Postpone Transaction Closing Date to November 10, 2025

M&A / Property Oct 08, 2025 · 18:32

INX Digital, Republic push back closing date to Oct. 21

M&A / Property Oct 08, 2025 · 08:30

INX and Republic Postpone Transaction Closing Date to October 21, 2025

Other Sep 30, 2025 · 20:15

INX Digital to close acquisition by Republic Oct. 8

M&A / Property Sep 30, 2025 · 17:28

INX and Republic Set October 8, 2025 as the Closing Date for Transaction

M&A / Property