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M&A / Property

INX and Republic Set October 8, 2025 as the Closing Date for Transaction

By The Northwire Desk — AI Analysis Sep 30, 2025 · 17:28 INXD · 0.215 THE INX DIGITAL COMPANY, INC.
INXD · Price

Executive Summary

  • INX Digital Company announced that the closing of its acquisition by Republic (OpenDeal Inc.) is set for October 8, 2025.
  • A temporary trading halt for the INX Token will occur on October 9, 2025 at 7:00 a.m. ET, with resumption at 8:00 a.m. ET.
  • Holders of record INX Tokens as of the cut‑off date will receive a pro‑rata distribution from the Company’s cash reserve fund (~US$34 million), with per‑token amounts to be disclosed on the cut‑off date.

Key Details

  • Closing Date: October 8, 2025 – Republic will acquire all outstanding INX shares not already owned.
  • Arrangement Agreement: Originally dated April 3, 2025; amended on May 6, 2025 and September 22, 2025.
  • Trading Halt: INX Token trading halted at 7:00 a.m. ET on October 9, 2025; all open orders cancelled; trading resumes at 8:00 a.m. ET.
  • Cash Reserve Distribution: Total cash reserve fund ≈ US$34 million; token holders of record as of the cut‑off date will receive a pro‑rata share after closing. Per‑token amount to be announced on October 9, 2025.
  • Closing Conditions: Subject to customary closing conditions typical for such transactions.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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