INX and Republic Postpone Transaction Closing Date
INX Digital Company, Inc. (Cboe CA: INXD) (OTCQB: INXDF) and OpenDeal Inc. (d/b/a Republic) have made an important announcement regarding their ongoing transaction. Originally set for earlier, the closing date is now extended to November 10, 2025. This followed previous communications regarding procedural updates shared by the companies.
Conditions Precedent and Transaction Completion
All conditions precedent to the closing of the transaction have either been satisfied or waived. This means that the necessary steps for the transaction to move forward are primarily complete, except for certain conditions which remain in favor of INX.
INX Tokens Cut-off Postponement
In conjunction with this announcement, the INX Tokens cut-off will be postponed until 7:00 a.m. ET on November 11, 2025. This is the time when trading of INX Tokens will be temporarily halted, and all active trade orders will be canceled. The trading of these tokens is anticipated to resume at 8:00 a.m. (ET) on the following day, November 11, 2025.
Distribution of Cash Reserves
Holders of INX Tokens at the cut-off time will receive their share of the cash reserve fund from the Company. The distribution should take place as soon as possible after the cut-off date. Currently, the total cash reserve fund stands at approximately US$34 million, and further details regarding the distribution amount per token will be revealed on the cut-off date.
About INX Digital Company
INX operates a regulated trading platform focusing on digital securities and cryptocurrencies. The organization combines traditional financial expertise with innovation in fintech to address contemporary market challenges. A team of dedicated professionals leads INX, committed to transforming capital markets using blockchain technology while adhering to a regulatory framework.
INX Group and Its Vision
As the holding entity for the INX Group, the company aims to establish itself as a leading global hub for digital assets on the blockchain. INX's mission is to unite communities and inspire financial innovations. Notably, the company promotes growth through its successful initial public token offering, raising an impressive US$84 million.
About Republic
Republic, with its headquarters in a major financial center, operates a variety of retail-focused investment platforms and an extensive advisory network. Known for its innovative solutions, Republic has successfully provided investment access across a diverse range of asset classes. The company boasts a significant portfolio of over 2,000 companies and a vibrant community of nearly three million members worldwide.
Frequently Asked Questions
Why was the transaction closing date postponed?
The transaction closing date was postponed to allow both INX and Republic additional time to meet necessary conditions and finalize the arrangements.
When will the distribution of the cash reserve fund occur?
The distribution of the cash reserve fund for INX Token holders will take place soon after the cut-off date on November 11, 2025.
What is the expected number of cash reserves available?
As of now, the total cash reserve fund stands at approximately US$34 million for distribution to eligible INX Token holders.
What happens to the INX Tokens during the cut-off period?
Trading of INX Tokens will be temporarily halted during the cut-off time, and all open trade orders will be canceled.
What is INX's primary focus as a company?
INX focuses on regulated trading platforms for digital securities and cryptocurrencies, aiming to enhance the efficiency and integrity of capital markets using blockchain technology.
