SINGAPORE, Jan. 21, 2021
/PRNewswire/ -- Diginex Limited (Nasdaq: EQOS) ("Diginex" or the
"Company"), a digital assets financial services company, today
announced the closing of the previously announced US$38.6 million private placement with certain
institutional investors.
An aggregate of 2,571,669 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 were subscribed. 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 to further invest in and
accelerate the roll-out of its digital asset ecosystem.
Richard Byworth, CEO of Diginex,
commented: "The closing of this private placement is another major
milestone in our corporate history and will provide us with
additional capital needed to invest in our business and execute on
our business plan. Institutions are increasingly seeking out
respected and trusted partners to gain exposure to this important
asset class. Diginex is ideally positioned to benefit from this
increase in institutional participation."
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