The Republic Investment Company is scheduled to acquire the Inx Digital Cryptography Trade Firm (INXDF) with an assessment of up to $ 60 million.
The subsidiary of the Republic Strategic Acquisition Republic will acquire all the actions issued and in circulation of INX, according to an announcement on Thursday.
The transaction is expected to close in eight months, subject to closing conditions.
Already an existing shareholder in INX after acquiring a 9.5% participation in 2023, Republic will integrate completely into INX operations after completing the transaction.
Republic, based in New York, said the acquisition will strengthen its position as a blockchain investor, creating a road to merchant tokens and participate in secondary market opportunities in cryptographic assets and real world (RWAS).
Having opened to $ 0.02, INXDF shares increased to $ 0.16 after Thursday’s announcement before retiring to $ 0.09 in the following hours.
