Express

Crypto Exchange INX Raises $32 Million Through Private Placement Of Subscription Receipts

Mary Liu

Summary: Israeli cryptocurrency platform INX announced that it has raised 39.6 million Canadian dollars (approximately US$32 million) through private placement of subscription receipts. The offering was conducted through a Reverse Take Over with a company called Valdy Investments, which has a market capitalization of 220 million Canadian dollars.  After the transaction is completed, INX will become ...

Israeli cryptocurrency platform INX announced that it has raised 39.6 million Canadian dollars (approximately US$32 million) through private placement of subscription receipts.

The offering was conducted through a Reverse Take Over with a company called Valdy Investments, which has a market capitalization of 220 million Canadian dollars. 

After the transaction is completed, INX will become a wholly-owned subsidiary of Valdy, and the combined entity will continue INX's business. Once regulatory approval is obtained, INX shares will begin trading on the Toronto Stock Exchange (TSX).

By Mary Liu

  • The GENIUS Act & Stablecoin Regulation: BRG's Dominic Zagara on Crypto's Defining ... 21 minutes ago
  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 3 days ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 4 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 7 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 8 days ago
  • You need to login to comment.