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Crypto Exchange INX Raises $32 Million Through Private Placement Of Subscription Receipts
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
Tags: Cryptocurrency,INX,Toronto Stock Exchange,TSX
Link: Crypto Exchange INX Raises $32 Million Through Private Placement Of Subscription Receipts [Copy]
