Investment firm Republic to acquire crypto exchange operator INX Digital at up to $60 million valuation

04-03

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On April 4, according to CoinDesk, the investment company Republic will acquire the crypto trading platform operator INX Digital (INXDF) at a valuation of up to $60 million.

Republic's subsidiary, Republic Strategic Acquisition, will acquire all issued shares of INX. The transaction is expected to be completed within eight months, depending on the closing conditions.

Republic is already an existing shareholder of INX, having acquired 9.5% of INX's shares in 2023. After the transaction is completed, Republic will fully integrate into INX's operations.

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