The Republic Investment Company is expected to acquire the Crypto Inx Digital (INXDF) negotiation company to an assessment of up to $ 60 million.
The subsidiary of Republic Republic Strategic Acquisition will acquire all the actions issued and in the circulation of INX, according to an announcement on Thursday.
The transaction should close in the eight months, subject to closing conditions.
Already a shareholder existing in INX after having acquired a participation of 9.5% in 2023, Republic joined entirely in the operations of INX after the completion of the transaction.
Republic, based in New York, said that the acquisition will strengthen its position as a blockchain investor, creating a path for token trade and engaging in secondary market opportunities through cryptographic and real assets (RWAS).
After opening at $ 0.02, INXDF shares increased to $ 0.16 after Thursday’s announcement before retiring to $ 0.09 in the following hours.
