HONG KONG, Oct. 1, 2020 /PRNewswire/ -- Diginex Limited
("Diginex" or the "Company"), a digital assets financial services
company, announced today that it has completed its business
combination transaction (the "Transaction") with 8i Enterprises
Acquisition Corp. (Nasdaq: JFK) ("8i"), a special purpose
acquisition company ("SPAC"). The Transaction, which was approved
at a Special Meeting of Shareholders on September 15, 2020, creates the first listed
company on Nasdaq with a cryptocurrency exchange.
Diginex Limited will trade on Nasdaq under the ticker symbol
"EQOS" where it will offer investors the opportunity to participate
in the growth of digital assets. The Company's warrants will trade
under the ticker "EQOSW".
Approximately US$50 million was
raised, comprising both Diginex's private raise completed in
advance of the listing and the cash remaining in the SPAC. This
will strengthen the Company's balance sheet and will enable it to
realize its vision to build a digital assets ecosystem that offers
innovative product and services that are compliant, fair and
trusted.
Richard Byworth, CEO of Diginex,
commented, "This is a watershed moment for both Diginex and the
cryptocurrency industry with the listing of the first-ever company
with a crypto exchange on Nasdaq. This also presents the first
opportunity for anyone trading in the US capital markets to buy
directly into the equity of a digital asset ecosystem and opens the
door for financial institutions to participate in the enormous
opportunity that digital assets present."
"Diginex offers a unique set of innovative products and
institutional-grade infrastructure. Our EQUOS.io exchange is
regulatory-focused and will offer features such as segregation of
duties, portfolio margining, and cross collateralization, which are
not commonly available in the crypto exchange marketplace."
"While EQUOS.io forms the core of our ecosystem, we are also the
first company to have an integrated offering comprising a regulated
asset manager, cold and warm custody solutions, and capital markets
advisory as well as a multivenue trading platform that plugs into
some of the world's leading trading technology providers."
Chi-Won Yoon, Chairman of Diginex
said: "We are delighted to have reached this milestone for both the
industry and Diginex. The Nasdaq listing demonstrates our
commitment to bringing transparency and accountability to the
digital assets industry. This should give investors greater
assurance about the long-term growth and viability of this asset
class."
Chardan acted as a financial advisor and Loeb and Loeb LLP acted
as legal counsel to 8i. Winston & Strawn LLP acted as legal
counsel to Diginex.
About Diginex
Diginex is a digital assets financial services company focused
on delivering a cryptocurrency and digital assets ecosystem
offering innovative product and services that are compliant, fair
and trusted. The group encompasses cryptocurrency exchange EQUOS.io
as well as an over-the-counter trading platform. It also offers a
front-to-back integrated trading platform Diginex Access, a
securitization advisory service Diginex Capital, market leading hot
and cold custodian, Digivault and funds business Bletchley Park
Asset Management. For more information visit:
https://www.diginex.com/
Follow Diginex on social media on Twitter
@DiginexGlobal, on Facebook
@DiginexGlobal, and on
LinkedIn. Follow
EQUOS.io on social media on Twitter
@EQUOS_io and on
LinkedIn.
Forward Looking Statements
This press release includes forward looking statements that
involve risks and uncertainties. Forward looking statements are
statements that are not historical facts. Such forward-looking
statements are subject to risks and uncertainties, which could
cause actual results to differ from the forward-looking statements.
These risks and uncertainties include, but are not limited to,
those factors described in the section entitled "Risk Factors" in
Diginex's Registration Statement on Form F-4 jointly filed bv
Diginex and 8i pertaining to the Business Combination (the "Form
F-4"). Important factors, among others, that may affect actual
results or outcomes include; the inability to recognize the
anticipated benefits of the proposed transaction, which may be
affected by, among other things, the amount of cash available
following any redemptions by 8i shareholders; the ability to meet
Nasdaq's listing standards following the consummation of the
proposed transaction; and costs related to the proposed
transaction. Important factors that could cause the combined
company's actual results or outcomes to differ materially from
those discussed in the forward-looking statements include:
Diginex's limited operating history and history of net losses;
Diginex's ability to manage growth; Diginex's ability to execute
its business plan; Diginex's estimates of the size of the markets
for its products; the rate and degree of market acceptance of
Diginex's products; Diginex's ability to identify and integrate
acquisitions; potential litigation involving Diginex or the
validity or enforceability of Diginex's intellectual property;
general economic and market conditions impacting demand for
Diginex's products and services; and such other risks and
uncertainties as are discussed in 8i's prospectus filed in
connection with its initial public offering and the proxy statement
to be filed relating to the business combination.
Diginex expressly disclaims any obligations or undertaking to
release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in the Diginex's
expectations with respect thereto or any change in events,
conditions or circumstances on which any statement is
based.
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SOURCE Diginex Limited