Canadian capital pooling company Valdy Investments completed the takeover of securities token platform INX and subsequently changed its name to INX Digital, the company said on Tuesday.
- Valdy acquired all outstanding shares in INX, concluding the C$39.6 million private placement that INX previously raised.
- Before deal closing, common shares of Valdy were consolidated on the basis of 2.7266667 pre-consolidation Valdy Shares for one-post consolidation Valdy Share.
- In May last year, INX completed the first SEC-registered offering of security tokens, raising an estimated $85 million. The initial public offering kicked off around eight months ago on the Ethereum blockchain.