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

Executive Summary

• INX Digital Company Inc. and OpenDeal Inc. (Republic) have agreed to postpone the closing of their pending transaction to October 21, 2025.
• The cut‑off for INX tokens is moved to 7 a.m. ET on October 22, 2025; trading will be halted at that time and resume at 8 a.m. ET the same day.
• Holders of record INX tokens at the cut‑off will receive a pro‑rata share of the company’s cash reserve fund (~US$34 million), with the per‑token distribution amount to be announced after the cut‑off date.

Key Details

• Original Closing Date: Previously scheduled prior to October 21, 2025 (exact prior date not disclosed).
• New Closing Deadline: October 21, 2025; parties have until December 3, 2025 to complete the transaction per the arrangement agreement dated April 3, 2025 (amended May 6, 2025 and September 22, 2025).
• Customary Closing Conditions: The closing remains subject to standard conditions customary for such transactions.
• INX Token Cut‑off Adjustment: New cut‑off set for 7 a.m. ET on October 22, 2025; all open orders will be cancelled at that time.
• Trading Halt & Resumption: Trading of INX tokens will be temporarily halted at the cut‑off and is expected to resume at 8 a.m. ET on October 22, 2025.
• Cash Reserve Fund Distribution: Each token holder of record at the cut‑off will receive a pro‑rata portion of the cash reserve fund (~US$34 million). The exact per‑token distribution amount will be announced after the cut‑off date.
• Agreement Parties: INX Digital Company Inc., OpenDeal Inc. (doing business as Republic), and Republic Strategic Acquisition Co LLC.

Notable Quotes

(No executive quotes were included in the release.)