Original News Release
INX Digital, Republic push back closing date to Oct. 21
Mr. Alan Silbert reports
INX AND REPUBLIC POSTPONE TRANSACTION CLOSING DATE TO OCTOBER 21, 2025
Further to The INX Digital Company Inc.'s news release dated Sept. 30, 2025, the company and OpenDeal Inc. (doing business as Republic) have agreed to postpone the closing date for the transaction until Oct. 21, 2025. Pursuant to the terms of the arrangement agreement dated April 3, 2025 (as amended on May 6, 2025, and Sept. 22, 2025) among the company, Republic and Republic Strategic Acquisition Co LLC, the parties have until Dec. 3, 2025, to complete the transaction.
Closing of the transaction remains subject to certain customary closing conditions.
In addition, the cut-off for the INX tokens will be postponed until 7 a.m. ET on Oct. 22, 2025. At the cut-off time, trading of the INX tokens will be temporarily halted, and all open trade orders will be cancelled. Trading of the INX tokens is expected to resume at 8 a.m. ET on the cut-off date.
Each holder of record of INX tokens at the cut-off time will be entitled to receive its pro-rata portion of the cash reserve fund of the company, which will be distributed as soon as practicable on or after the cut-off date. As of the date hereof, the total amount in the cash reserve fund is approximately $34-million (U.S.). On the cut-off date, the company will announce the per-token amount to be distributed to INX token holders.
About The INX Digital Company Inc.
INX provides regulated trading platforms for digital securities and cryptocurrencies. With a blend of traditional market expertise and a disruptive fintech approach, INX offers state-of-the-art solutions to modern financial challenges. The company is led by a dedicated team of business, finance and technology veterans committed to redefining capital markets through blockchain technology and a disciplined regulatory approach.
INX is the holding company for the INX Group, which includes regulated trading platforms for digital securities and cryptocurrencies. The INX Group's vision is to be the preferred global regulated hub for digital assets on the blockchain. The company's mission is to bring communities together and empower them with financial innovation. INX's journey began with the initial public token offering of the INX token, raising $84-million (U.S.). The INX Group is shaping the blockchain asset industry by working within a regulated environment under oversight from regulators like the SEC (Securities and Exchange Commission) and FINRA (Financial Industry Regulatory Authority).
About OpenDeal Inc. (doing business as Republic)
Headquartered in New York, Republic is a global financial firm operating a network of retail-focused investment platforms and an enterprise digital advisory arm. With a deep record of legal and technical innovation, Republic is known for providing access to new asset classes to investors of all types. Backed by Valor Equity Partners, Galaxy Interactive, HOF Capital, AngelList and other leading institutions, Republic boasts a global portfolio of over 2,000 companies and a community of nearly three million members in over 150 countries. More than $3-billion has been deployed through investment platforms, funds and firms within the Republic family of companies with operations established in the United States, the United Kingdom, European Union, the United Arab Emirates and South Korea.
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