お知らせ • Apr 15
The INX Digital Company, Inc., Annual General Meeting, Jun 19, 2025 The INX Digital Company, Inc., Annual General Meeting, Jun 19, 2025. お知らせ • Apr 04
OpenDeal Inc. entered into an arrangement agreement to acquire remaining 90.5% stake in The INX Digital Company, Inc. (NEOE:INXD) from Shy Datika for $54.8 million. OpenDeal Inc. entered into an arrangement agreement to acquire remaining 90.5% stake in The INX Digital Company, Inc. (NEOE:INXD) from Shy Datika for $54.8 million on April 3, 2025. As part of the consideration, $18.8 million in consideration will be provided to the Rollover Shareholders, and fixed consideration of $36 million will be paid by OpenDeal Inc to the non-Rollover Shareholders. With respect to the consideration to be provided to the non-Rollover Shareholders, $20 million will be paid by OpenDeal Inc in cash upon completion of the Arrangement and $16 million will be paid by OpenDeal Inc 18 months following the Escrow Deposit Date pursuant to the terms of a contingent value rights agreement. The combined cash and CVR consideration payable to the non-Rollover Shareholders under the Arrangement will be between $0.19 and $0.24 per Share (assuming full payment of the CVRs) and will depend on the number of total Rollover Shares. If the Rollover Share Limit is not achieved, the consideration to be provided to the Rollover Shareholders with respect to their Rollover Shares will be reduced pro rata with the consideration to be provided to the non-Rollover Shareholders. Upon completion, OpenDeal Inc. will own 100% stake in The INX Digital Company, Inc. In case of termination of transaction, OpenDeal Inc. will pay a termination fee of $10 million and The INX Digital Company, Inc will pay a termination fee of $10 million.
The transaction will be completed pursuant to a court-approved plan of arrangement under section 288 of the Business Corporations Act (British Columbia) and is subject to satisfaction of certain closing conditions, including court approval, the approval of the shareholders of The INX Digital Company, Inc, and certain regulatory approvals. The Board of Directors of The INX Digital Company, Inc. formed a special committee for the transaction. The deal has been unanimously approved by the board of directors of The INX Digital Company, Inc.
Origin Merchant Partners acted as financial advisor to The INX Digital Company, Inc. Origin Merchant Partners acted as fairness opinion provider to The INX Digital Company, Inc. Reported Earnings • Nov 16
Third quarter 2024 earnings released: EPS: US$0.12 (vs US$0.062 loss in 3Q 2023) Third quarter 2024 results: EPS: US$0.12 (up from US$0.062 loss in 3Q 2023). Revenue: US$338.0k (down 90% from 3Q 2023). Net income: US$29.3m (up US$42.9m from 3Q 2023). お知らせ • Sep 17
The INX Digital Company, Inc. (NEOE:INXD) announces an Equity Buyback for 15,185,615 shares. The INX Digital Company, Inc. (NEOE:INXD) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 15,185,615 common shares provided that the aggregate purchase price for any Common Shares acquired under the NCIB and for any tokens of INX Limited (“INX Tokens”) acquired under its previously disclosed token repurchase program must not exceed $5 million. Any common shares purchased under the program will be cancelled. The program will expire earlier of September 18, 2025, and such earlier date on which the maximum number of common shares are purchased under the
program. お知らせ • Aug 30
An undisclosed buyer agreed to acquire I.L.S. Brokers Ltd. from The INX Digital Company, Inc. (NEOE:INXD) for $5 million. An undisclosed buyer agreed to acquire I.L.S. Brokers Ltd. from The INX Digital Company, Inc. (NEOE:INXD) for $5 million on August 30, 2024. The transaction consideration will be between $4M – $5M. The proceeds from this sale will be directed towards furthering INX's mission to expand the Real-World Assets trading platform. The Transaction is expected to close on or about November 30, 2024. Reported Earnings • Aug 14
Second quarter 2024 earnings released: US$0.025 loss per share (vs US$0.084 loss in 2Q 2023) Second quarter 2024 results: US$0.025 loss per share (improved from US$0.084 loss in 2Q 2023). Revenue: US$1.49m (down 62% from 2Q 2023). Net loss: US$5.81m (loss narrowed 67% from 2Q 2023). Revenue is expected to decline by 33% p.a. on average during the next 2 years, while revenues in the Capital Markets industry in Germany are expected to grow by 1.3%. お知らせ • Jun 13
The INX Digital Company, Inc. Appoints Michael Moro as Chief Strategy Officer The INX Digital Company, Inc. announced that the former CEO of Ankex and Genesis will join the team as Chief Strategy Officer starting June 10th. Michael Moro brings a wealth of experience and strategic insight. Reflecting his recognition of INX's innovative structure and offerings, his new role will include designing and implementing an actionable strategic plan and leading the business development and growth. Leveraging the company's pioneering structure in regulated digital asset trading and primary offerings, he aims to optimize an expedited expansion of the democratization of finance, creating new avenues for tokenization in digital finance and providing impactful solutions to a global audience. Moro is a Georgetown University graduate. He began his career on Wall Street in Citi's Investment Banking Division. In addition to his roles as CEO at Ankex (a non-custodial crypto derivatives exchange) and Genesis (an institutional crypto prime brokerage), he has sat on the Oversight Committee for the CME CF Cryptocurrency Pricing Products since its inception. Reported Earnings • May 16
First quarter 2024 earnings released: EPS: US$0.026 (vs US$0.003 loss in 1Q 2023) First quarter 2024 results: EPS: US$0.026 (up from US$0.003 loss in 1Q 2023). Revenue: US$1.73m (down 51% from 1Q 2023). Net income: US$5.84m (up US$6.52m from 1Q 2023). Revenue is expected to decline by 44% p.a. on average during the next 2 years, while revenues in the Capital Markets industry in Germany are expected to grow by 1.7%. お知らせ • May 08
The INX Digital Company, Inc. Announces Chief Financial Officer Changes The INX Digital Company, Inc. announced that, in a mutually agreed decision, Chief Financial Officer (CFO) Ms. Renata Szkoda will be leaving the company effective May 31, 2024. Assuming this position will be Ms. Naama Falach, who brings with her over three years of invaluable experience as the company's VP Global Finance. Ms. Falach brings a wealth of experience and knowledge to the role of CFO, having been an integral part of INX's finance team for the past three years. The Board of Directors has expressed confidence in Ms. Falach's ability to lead the company's financial operations and contribute to its strategic growth. This transition reflects the company's ongoing evolution as it strives to enhance and secure its cash positions while maximizing efficiency to support its rapid future growth. お知らせ • Apr 20
The INX Digital Company, Inc., Annual General Meeting, Jun 27, 2024 The INX Digital Company, Inc., Annual General Meeting, Jun 27, 2024. Reported Earnings • Apr 02
Full year 2023 earnings released: US$0.06 loss per share (vs US$4.52 profit in FY 2022) Full year 2023 results: US$0.06 loss per share (down from US$4.52 profit in FY 2022). Revenue: US$17.9m (up 36% from FY 2022). Net loss: US$13.2m (down 106% from profit in FY 2022). Revenue is expected to decline by 48% p.a. on average during the next 2 years, while revenues in the Capital Markets industry in Germany are expected to grow by 3.2%. Reported Earnings • Nov 17
Third quarter 2023 earnings released: US$0.062 loss per share (vs US$0.05 loss in 3Q 2022) Third quarter 2023 results: US$0.062 loss per share (further deteriorated from US$0.05 loss in 3Q 2022). Revenue: US$3.21m (up 192% from 3Q 2022). Net loss: US$13.6m (loss widened 34% from 3Q 2022). Revenue is expected to decline by 8.9% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to grow by 1.6%. New Risk • Aug 20
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 555% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (68% average weekly change). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (€60.7m market cap, or US$66.0m). Reported Earnings • Aug 17
Second quarter 2023 earnings released: US$0.084 loss per share (vs US$0.38 profit in 2Q 2022) Second quarter 2023 results: US$0.084 loss per share (down from US$0.38 profit in 2Q 2022). Revenue: US$3.86m (up 335% from 2Q 2022). Net loss: US$17.6m (down 123% from profit in 2Q 2022). Revenue is forecast to decline by 13% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to remain flat. お知らせ • Aug 10
The INX Digital Company, Inc. (NEOE:INXD) announces an Equity Buyback for 12,713,823 shares. The INX Digital Company, Inc. (NEOE:INXD) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 12,713,823 common shares provided that the aggregate purchase price for any Common Shares acquired under the NCIB and for any tokens of INX Limited (“INX Tokens”) acquired under its previously disclosed token repurchase program must not exceed $5 million. Any common shares purchased under the program will be cancelled. The program will expire earlier of August 10, 2024, and such earlier date on which the maximum number of common shares are purchased under the
program. お知らせ • May 19
The INX Digital Company, Inc., Annual General Meeting, Jun 30, 2023 The INX Digital Company, Inc., Annual General Meeting, Jun 30, 2023. お知らせ • May 11
The Inx Digital Company, Inc Announces Executive Changes The INX Digital Company, Inc. announced that Alexandra Damsker and Ralph Daiuto have joined its Advisory Board of Directors. The two seasoned executives bring a wealth of experience and knowledge to the company as it continues its growth trajectory in the digital economy.Alexandra Damsker is an experienced corporate and securities attorney, public speaker and runs the token-agnostic blockchain education podcast Crypto | Immersion. Formerly with the US Securities and Exchange Commission (SEC) andinternational firm Mayer Brown, she is also a two-time founder. Mrs. Damsker has been in the blockchain space since 2016, currently serving as legal, operations, and strategic advisor to several companies, family offices, and high net- worth individuals regarding a variety of blockchain and Web3 fields.Ralph Daiuto is an accomplished attorney and entrepreneur with over 30 years of experience in the securities and fintech industries. He is currently the CEO of RAD Partners, LLC, a boutique consulting firm specializing in legal, compliance, and regulatory matters. Daiuto is also a seasoned executive with a track record of success in building and growing businesses. His experience with digital assets and blockchain-related technologies includes his work as COO and General Counsel for tZero Group, Inc. and founding Director of BSTX, the first SEC-regulated Securities Exchange Facility leveraging private blockchain technologies. Daiuto is a current Member of the Private Securities Executive Advisory Board of DTCC and a former member of both the FINRA FinTech Industry Committee and the Leadership Committee of the Chamber of Digital Commerce'sToken Alliance. お知らせ • Jan 04
The INX Digital Company, Inc. Announces Resignation of Douglas Borthwick as Chief Business Officer On November 22, 2022, Douglas Borthwick provided notice of his intent to resign from his position as Chief Business Officer of INX Limited effective December 31, 2022. Mr. Borthwick’s responsibilities will be assumed by Itai Avneri, the Company’s Chief Operating Officer. Mr. Borthwick’s resignation was not the result of any dispute or disagreement with the Company or its Board of Directors on any matter relating to the Company’s operations, policies or practices. The Company greatly appreciates Mr. Borthwick’s service and thanks him for his contributions to the Company. Following his resignation, effective as of January 1, 2023, Mr. Borthwick will serve as a member of the Company’s Advisory Board. Pursuant to an invitation letter to serve as a member of the advisory board signed between the Company and Mr. Borthwick, Mr. Borthwick will receive 500 INX Tokens for each month of service, during the 12-month term of the Letter. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. Director Rafi Rafaeli was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Apr 12
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. Director Rafi Rafaeli was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.