SINGAPORE, Jan. 11, 2021 /PRNewswire/ -- Diginex
Limited (Nasdaq: EQOS) ("Diginex" or the "Company"), a digital
assets financial services company, today announced that it has
entered into definitive agreements with certain institutional
investors to raise aggregate gross proceeds of approximately
$38.60 million through the private
placement of its equity securities.
Diginex will sell an aggregate of 2,571,669 of the Company's ordinary shares
along with warrants to purchase up to an aggregate of
2,571,669 ordinary shares at a
purchase price of $15.00 per share
and accompanying warrant. The warrants are exercisable
immediately with a term of three years and an exercise price of
$18.75 per share. Diginex intends to use
the net proceeds from the offering for working capital and general
corporate purposes.
H.C. Wainwright & Co. is acting as the exclusive placement
agent for the offering.
The offering is expected to close on or about January 13, 2021, subject to satisfaction of
customary closing conditions.
Richard
Byworth, CEO of Diginex commented: "We are pleased to
announce this private placement offering, which will allow us to
continue to invest in our business and execute on our business
plan."
"We rolled out our bitcoin perpetual futures contract earlier
this month, representing the first derivative product to launch on
EQUOS, our cryptocurrency exchange. Following the completion of
this raise, we intend to accelerate the roll-out of our product
roadmap across the ecosystem."
This press release does not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such
jurisdiction.
The securities to be sold in the offering have not been
registered under the Securities Act of 1933, as amended, or state
securities laws and may not be offered or sold in the United States absent registration with the
Securities and Exchange Commission or an applicable exemption from
such registration requirements. Diginex has agreed to file a
registration statement with the Securities and Exchange Commission
covering the resale of the ordinary shares sold in the private
placement as well as the ordinary shares underlying the warrants
sold in the private placement.
About Diginex Limited
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. For example, forward
looking statements in this press release relate the completion of
the private placement, the satisfaction of customary closing
conditions related to the private placement and the intended use of
net proceeds from the private placement. Such forward-looking
statements are subject to risks and uncertainties, which could
cause actual results or outcomes to differ materially from the
forward-looking statements. Most of these factors are outside of
Diginex's control and are difficult to predict. Factors that may
cause such differences include, but are not limited to: the ability
to recognize the anticipated benefits of the business combination;
the ability of Diginex to grow and manage growth profitably;
Diginex's limited operating history and history of net losses;
Diginex's ability to execute its business plan; the inability to
maintain the listing of Diginex's shares on Nasdaq; 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 indicated in Diginex's Shell
Company Report on Form 20-F, including those under "Risk Factors"
therein, and in Diginex's other filings with the SEC, which are
available on the SEC's website at www.sec.gov. In addition, any
forward-looking statements contained in this press release are
based on assumptions that Diginex believes to be reasonable as of
this date.
Diginex undertakes no obligation to update any
forward-looking statements to reflect events or circumstances after
the date of this press release or to reflect new information or the
occurrence of unanticipated events, except as required by
law.
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SOURCE Diginex Limited