Abaxx Technologies to acquires stake in Artex

Executive Summary

• Abaxx Technologies Inc. has acquired a strategic position in Artex AG, the world's first regulated trading venue for fine art, to extend its capabilities into Europe and new markets.
• The transaction involves a cooperation agreement granting Abaxx access to Artex’s regulated financial market for its proprietary digital title and ID++ technology, with plans to develop tradable futures contracts on Abaxx Exchange based on a fine art price index.
• Abaxx is acquiring two tranches of zero-coupon convertible debentures and warrants, providing potential ownership of up to 19.9% of Artex (10% via conversion and 9.9% via warrants).

Key Details

• Transaction Structure: Abaxx acquires two tranches of zero-coupon convertible debentures and common share purchase warrants.
• Equity Stake (Debentures): Convertible into up to 10% of Artex’s issued and outstanding common shares on a fully diluted basis.
• Conversion Terms: Deemed conversion price of $1-million per approximately 1% of Artex’s fully diluted common shares.
• Warrant Terms: Warrants give Abaxx the right to acquire up to an additional 9.9% of Artex’s fully diluted common shares.
• Warrant Exercise Price: Based on the valuation of Artex at the time of exercise, as approved by Artex’s board of directors and regulatory approvals.
• Exercise Period: Three years from the respective date of issuance for both debentures and warrants.
• Tranche Status: The first tranche of Artex debentures has been issued; the second-tranche closing is expected on or around January 2026.
• Strategic Benefits:
  • Access to a new commercial vertical for Abaxx’s private digital title and ID++ technology within the tokenized global financial assets market.
  • Access to transparent, real-time transaction data for securitized fine art to serve as a basis for a fine art price index and benchmark futures contract.
  • Strategic partnership with a regulated exchange in Europe and access to Artex’s network of institutional partners (European banks, asset managers).
• Target Profile: Artex AG operates a regulated multilateral trading facility (MTF) for fine art, enabling fractional ownership and real-time trading of masterpieces. It is regulated by the Financial Markets Authority in Liechtenstein.

Notable Quotes

• Josh Crumb, Founder and CEO, Abaxx Technologies: "The global art market -- with $2.5-trillion of assets in private hands -- has remained opaque and illiquid precisely because it lacks both [smarter data and trusted market infrastructure]. By integrating our platforms, we expand our technology footprint into a global asset class and secure the foundation for a pipeline of new, tradable futures products on Abaxx Exchange."
• Yassir Benjelloun-Touimi, CEO and Co-founder, Artex: "Abaxx is the ideal partner to accelerate our mission... Together, we will enhance robustness, expand global reach and provide critical validation to our institutional partners as we establish art as a legitimate mainstream asset class."