Leading blockchain-based services firm Diginex is officially merging with publicly traded 8i Enterprises Acquisition Corp., a key part of its plan for a “backdoor” Nasdaq listing.
Diginex is the parent firm of derivatives platform EQUOS.io that had been hoping to become the United States’ primary publicly-traded cryptocurrency exchange later this month.
It was pipped to the post, via, with Gibraltar-based INX Ltd. recently launching its SEC-registered security token IPO, getting to raise around $117 Mln.
Diginex’s ecosystem also includes virtual asset trading technology platform Diginex Access & securitization advisory firm Diginex Capital, also as a digital asset custody supplier & an investment management business.
The firm received approval from the SEC [Securities & Exchange Commission] for the merger with 8i earlier in the month of February.
The news marks a “significant milestone” therein process, added Diginex’s CEO ‘Richard Byworth’, with both parties expecting an in-depth of the transaction later within the month.
Shareholder approval within unprecedented market conditions was a “testament” to the virtual assets industry, Byworth added.
Following the deal’s closure, the exchange’s shares are expected to be traded on the NY-based Nasdaq stock market under the ticker symbol “EQOS.”
The British Virgin Islands-based “blank check” company 8i is a special-purpose acquisition shell firm that uses funds from their IPOs to accumulate target companies.