Northwire Canada EditionThursday, October 22, 2026
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M&A / Property

Iocaste receives conditional TSX-V OK for TenX QT

TNX · Price

Executive Summary

  • Iocaste Ventures Inc. and TenX Protocols Inc. have received conditional acceptance from the TSX Venture Exchange (TSX-V) for a qualifying transaction, which constitutes a reverse takeover of Iocaste by TenX.
  • The transaction involves a three-cornered amalgamation under the Business Corporations Act (Ontario), resulting in TenX shareholders acquiring control of the company, which will be renamed TenX Protocols Inc.
  • The resulting entity will focus on vertically integrated digital asset staking, including in-house validator operations and a forthcoming third-party staking platform.

Key Details

  • Transaction Structure: The qualifying transaction is completed via a three-cornered amalgamation involving Iocaste Ventures, TenX Protocols, and a wholly owned subsidiary of Iocaste created specifically for this purpose.
  • Regulatory Status: The parties received conditional acceptance from the TSX-V and have filed a filing statement dated November 25, 2025, in accordance with TSX-V requirements. The statement is available on SEDAR+.
  • Post-Transaction Operations: Following the reverse takeover, the issuer will carry on the current business of TenX. The primary business focus is vertically integrated staking, combining digital asset staking, in-house validator operations, and a forthcoming staking platform for third-party participation.
  • Ticker Symbol: Common shares of the resulting issuer are expected to trade on the TSX-V under the ticker symbol "TNX" shortly after closing.
  • Closing Date: Assuming all conditions are satisfied, closing is expected to occur on or about December 2, 2025.
  • Conditions Precedent: Completion is subject to customary closing conditions, including receipt of all required regulatory approvals and final TSX-V acceptance.

Notable Quotes

  • None provided in the text.
Read the original news release →

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