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INX Digital Company has reached an acquisition protocol with Republic.
Gate.io News bot, INX Digital Company, a digital securities and cryptocurrency trading platform, officially announced the signing of an arrangement agreement with Republic Strategic Acquisition Co LLC, a wholly-owned subsidiary of the Republic. Under the terms of the agreement, Republic Strategic Acquisition Co LLC will acquire all of the outstanding shares of INX, excluding the portion already held by the Republic, at a valuation of up to $60 million.
It is worth noting that the investment company Republic has previously acquired approximately 9.5% of INX shares at a pre-money valuation of $50 million.
Source: Wu Shuo