Urbana Corporation Congratulates Canadian Securities Exchange's Parent Company on Completing the Acquisition of National Stock Exchange of Australia

Executive Summary

• CNSX Global Markets Inc., the parent of Urbana’s Investee company CSE, completed an all‑cash acquisition of NSX Limited (parent of Australia’s National Stock Exchange – NSXA) at AUD $0.04 per ordinary share.
• The transaction closed under a Scheme of Arrangement after receiving shareholder approval (94.78% in favour), regulatory and court clearances, and final funding.
• Urbana remains the largest shareholder of CSE with ~53.37% ownership, positioning it to benefit from the expanded footprint of the exchange platform into Australia.

Key Details

• Transaction Consideration: AUD $0.04 per fully paid ordinary share (all‑cash).
• Shareholder Approval: 94.78% of NSX shareholders voted in favour of the acquisition.
• Closing Mechanism: Scheme of Arrangement; all required conditions satisfied, including regulatory and court approvals.
• Ownership Structure Post‑Close: Urbana holds approximately 53.37% of CSE (the acquiring entity).
• Strategic Rationale: Strengthen NSXA’s competitive position in Australia and create a “dynamic exchange alternative” for early‑stage companies, mirroring CSE’s success in Canada.
• Future Plans: Immediate steps to enhance NSXA’s market offering and accelerate corporate listings, aiming to boost capital formation and liquidity for emerging Australian firms.

Notable Quotes

“This is a landmark day in the history of the Canadian Securities Exchange, the National Stock Exchange of Australia, and the entire global marketplace for emerging companies,” – Richard Carleton, CEO of the CSE.

All forward‑looking statements are subject to risks and uncertainties that could cause actual results to differ materially.