The INX Digital Company, Inc. (Cboe CA: INXD) recently confirmed the completion of its previously announced plan of arrangement pursuant to which OpenDeal Inc. (doing business as Republic) acquired, via a wholly-owned subsidiary, all of the issued and outstanding common shares of the corporation, other than those shares presently owned by Republic.
Pursuant to the arrangement, former INX shareholders are now said to be entitled to receive $0.1328 in cash per share and one contingent value right, subject to “applicable withholding taxes.”
Each CVR entitles the holder thereof to “an additional cash payment of $0.1063 per CVR on December 11, 2026.”
In addition, on November 11, trading of the INX Token will “be temporarily halted, and all open trade orders will be cancelled.”
Trading of the INX Token is expected “to resume at 8:00 a.m. (ET).”
As of the Cut-off Date, each holder of record of INX Tokens will be entitled to receive its “pro-rata portion of the Cash Fund of the company, which will begin distribution within 72 hours from the Cut-Off Date.”
As of the date hereof, the total amount in the Cash Fund is “approximately $34.3 million.”
Shy Datika, Founder and CEO of INX, says everyone is now waking up to real-world asset tokenization, and that crypto regulations are “positively evolving globally.”
Datika also mentioned that institutions are “adopting digital assets and investors are demanding access to this … asset class.”
Together, Republic and INX are positioned to contribute to this shift.
With Republic’s presence in the US and UK, and INX’s licenses and technology, they can now offer a “full lifecycle for tokenized assets.”
This will now enable private companies to “raise capital efficiently and give retail investors access to opportunities that were once only available to high-net-worth individuals and institutions.”
They are to close on their acquisition and “begin distributing the approximately $34.3 million in the Cash Fund.”
Kendrick Nguyen, Co-founder and Co-CEO, Republic, has explained that the completion of this transaction “marks a step toward building a unified, regulated, and global digital financial marketplace.”
By combining Republic’s platform with INX’s regulatory and trading infrastructure, they are creating a future where investors “can access and trade real-world and digital assets … at scale.”
They are now focused on laying down the foundation for the next gen of capital markets.
As a result of the arrangement, the Common Shares are “expected to be delisted from the Cboe Canada exchange at the close of trading on or about November 10, 2025.”
The company intends to submit an application “to cease to be a reporting issuer under applicable Canadian securities laws and to otherwise terminate the company’s public reporting requirements.”
As noted in the update, INX offers various regulated trading platforms for digital securities and cryptocurrencies.
With a combination of traditional market expertise and a new fintech approach, INX offers solutions to financial challenges. The company is led by a team of business, finance, and tech veterans.
The INX Digital Company, Inc. is the holding company for the INX Group, which includes various trading platforms for digital securities as well as cryptocurrencies.
Headquartered in New York City, Republic is a financial firm operating a network of retail-focused investment platforms and “an enterprise digital advisory arm.”
Republic is known for providing access “to new asset classes to investors of all types.”
Backed by Valor Equity Partners, Galaxy Interactive, HOF Capital, AngelList and others, Republic has a portfolio of more than 2,000 companies and a community of almost 3 million members in more than 150 different countries.
Over $3 billion has been reportedly deployed via “investment platforms, funds, and firms within the Republic family of companies with operations established in the US, the UK, EU, the UAE, South Korea.”