INX Digital to close acquisition by Republic Oct. 8

Executive Summary

• The INX Digital Company Inc. sets October 8, 2025 as the closing date for its acquisition by Republic (OpenDeal Inc.).
• A temporary trading halt of the INX token is scheduled for 7 a.m. ET on October 9, 2025, with trading to resume at 8 a.m. ET.
• Holders of INX tokens will receive a pro‑rata distribution from the company’s cash reserve fund (~$34 million) after closing; per‑token amount to be announced on the cut‑off date.

Key Details

• Closing Date: October 8, 2025 – Republic will acquire all outstanding shares of INX not already owned.
• Arrangement Agreement: Originally dated April 3, 2025; amended on May 6, 2025 and September 22, 2025.
• Customary Closing Conditions: Transaction subject to standard closing conditions typical for acquisitions.
• Token Trading Halt: INX token trading halted at 7 a.m. ET on October 9, 2025; all open orders cancelled; trading resumes at 8 a.m. ET the same day.
• Cash Reserve Fund Distribution: Each INX token holder of record will receive a pro‑rata share of the cash reserve fund (~$34 million U.S.) after closing. Per‑token distribution amount to be announced on the cut‑off date.
• Parties Involved: The INX Digital Company Inc., OpenDeal Inc. (doing business as Republic), and Republic Strategic Acquisition Co. LLC.

Notable Quotes

(No direct quotes provided in the release.)