According to the official announcement from Foresight News, OSL Group (HKEX: 00863) announced that it signed an arrangement agreement on June 27 with the acquisition entity OSL BNXA Acquisition Inc. and Banxa, intending to acquire all shares of Banxa through a plan arrangement, including shares converted from convertible notes before the effective date, with a maximum total acquisition price of approximately 85.2 million Canadian dollars.
Banxa is a company registered in British Columbia, Canada, and listed on the TSX Venture Exchange, focusing on providing cryptocurrency embedded infrastructure for enterprises. Its business covers multiple regions in Europe, North America, and Australia, and holds multiple compliance licenses. OSL stated that this acquisition aligns with the group's strategic plan to expand digital asset services globally and will further strengthen its market position as a compliant digital asset service provider.
