Diginex Limited, a digital assets financial services company, announced on Thursday it has completed a $38.6 million private placement with certain institutional investors. According to Diginex, an aggregate of 2,571,669 ordinary shares along with warrants to purchase up to an aggregate of 2,571,669 ordinary shares at a purchase price of $15.00 per share and accompanying warrant were subscribed.
“The warrants are exercisable immediately with a term of three years and an exercise price of $18.75 per share. Diginex intends to use the net proceeds from the offering for working capital and general corporate purposes to further invest in and accelerate the roll-out of its digital asset ecosystem.”
While sharing more details about the placement, Richard Byworth, CEO of Diginex, stated:
“The closing of this private placement is another major milestone in our corporate history and will provide us with additional capital needed to invest in our business and execute on our business plan. Institutions are increasingly seeking out respected and trusted partners to gain exposure to this important asset class. Diginex is ideally positioned to benefit from this increase in institutional participation.”
Founded in 2017, Diginex stated it delivers solutions that make digital assets more accessible, business processes more efﬁcient, and societies more secure.
“We shape the future of blockchain technology by solving the problems of today. We put clients’ and investors’ needs ﬁrst while remaining ﬂexible, technology-agnostic, and focused on end-value creation for business and society.”