Republic will acquire around a 9.5% stake in INX at an approximate $50 million pre-money valuation, with a “non-binding” commitment to acquire of 100% of equity at a valuation of $120 million as early as third quarter of this year. The closing of the initial deal is expected to be within 60 days, subject to regulatory approval.
Related posts
-
Ethiopian Airlines Partners With Blockchain-Based Loyalty Rewards Firm Loyyal
Ethiopian Airlines Group has partnered with Loyyal to leverage... -
Bitcoin Investment Products Saw Over $600M in Outflows Last Week: CoinShares
Please note that our privacy policy, terms of use, cookies, and do not sell my personal... -
Here’s What At Stake This Week
As Bitcoin enters a pivotal week, market participants are closely monitoring several key indicators and events...