8i Enterprises Acquisition Corp. (NASDAQ: JFK, “JFK” or “8i”) (the
“Company”), a special purpose acquisition company, today announced
that Digivault, a subsidiary of the Company’s intended merger
target – Diginex and a secure digital asset custody provider, has
successful completed the Cyber Essentials Plus certification from
the United Kingdom Government, reinforced its commitment to
unparalleled security and provided offerings that meet the
requirements of institutional clients. Diginex is a digital asset
financial services and advisory company with which JFK entered into
a definitive share exchange agreement dated July 9, 2019.
Receiving this certification means that
Digivault has passed the rigorous process that ensures it has the
measures in place to protect against the vast majority of common
cyberattacks. These include hacking, phishing, malicious software
and ransomware through which criminals hijack files and hold them
to ransom, and distributed denial of service (DDOS) attacks against
websites, which are often accompanied by extortion.
As part of the process, Digivault’s systems have
been independently verified by certification body CREST.
Digivault’s mantra of Secure by Design is
reinforced by internationally recognised standards and
accreditations. Cyber Essentials Plus is backed by the UK
Government and supported by the National Cyber Secretary Centre,
which is part of GCHQ1. Since 2016, the UK Government has invested
around £1.9 billion (US$2.48 billion)2 on cyber security and dealt
with thousands of significant incidents, requiring cross government
and industry responses.
Launched in 2019, Digivault’s Kelvin offering
provides a vaulted cold storage solution for a range of digital
asset holdings including Bitcoin and Ethereum. The product offers
enterprise-grade security, operates to global standards and
provides a highly secure means of processing and storing digital
assets.
About Digivault
Digivault was founded in December 2018 in London
by a team of IT solution delivery experts from the finance and
security sectors to deliver enterprise grade cold, and warm,
digital asset custody solutions that would operate in harmony with
one another. As a Diginex Group company, Digivault is able to
support both internal and external clients with the same exacting
standards. For more information visit:
https://www.digivault.com/
About Diginex
Diginex is a blockchain financial services and
technology company. Diginex partners with institutional investors,
corporations and governments to make digital assets more
accessible, business processes more efficient and secure. Diginex
believes its collaborative approach and pursuit of global
cooperation is optimal to drive institutional adoption of
blockchain technologies and the regulated use of digital assets.
For more information on Diginex, please visit www.diginex.com.
About 8i Enterprises Acquisition
Corp.
8i Enterprises Acquisition Corp. is a British
Virgin Islands company incorporated as a blank check company for
the purpose of entering into a merger, share exchange, asset
acquisition, share purchase, recapitalization, reorganization or
similar business combination with one or more businesses or
entities. The Company's efforts to identify a prospective target
business will not be limited to a particular industry or geographic
region, although the Company intends to focus on targets located in
Asia.
Disclaimer
8i Enterprises Acquisition Corp, a British
Virgin Islands business company (“JFK”), Diginex Limited, a
Singapore public company limited by shares (“Singapore NewCo”),
DIGITAL INNOVATIVE LIMITED, a British Virgin Islands business
company (“BVI NewCo”), and Diginex Limited, a Hong Kong company
(“Diginex”), and their respective directors, executive officers and
employees and other persons may be deemed to be participants in the
solicitation of proxies from the holders of JFK ordinary shares in
respect of the proposed transaction among such persons (the
“Business Combination”). Information about JFK’s directors and
executive officers and their ownership of JFK’s ordinary shares is
set forth in JFK’s Annual Report on Form 10-K, dated September 18,
2019, filed with the Securities and Exchange Commission (the
“SEC”), as modified or supplemented by any Form 4 filed with the
SEC since the date of such filing. Other information regarding the
interests of the participants in the proxy solicitation will be
included in the proxy statement/prospectus included in the
Registration Statement on Form F-4 jointly filed bv Singapore NewCo
and JFK pertaining to the Business Combination (the “Form F-4”).
These documents can be obtained free of charge from the sources
indicated below.
In connection with the Business Combination,
Singapore NewCo has filed the Form F-4, which includes and serves
as a proxy statement/prospectus for JFK’s shareholders. Promptly
after the Form F-4 is declared effective by the SEC, JFK will mail
the definitive proxy statement/prospectus and a proxy card to each
shareholder entitled to vote at the meeting relating to the
approval of the Business Combination and other proposals set forth
in the proxy statement. INVESTORS AND SECURITY HOLDERS OF JFK ARE
URGED TO READ THESE MATERIALS (INCLUDING ANY AMENDMENTS OR
SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS IN CONNECTION
WITH THE BUSINESS COMBINATION THAT JFK WILL FILE WITH THE SEC WHEN
THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION ABOUT JFK, SINGAPORE NEWCO, BVI NEWCO, DIGINEX AND THE
BUSINESS COMBINATION. The preliminary proxy statement/prospectus,
the definitive proxy statement/prospectus and other relevant
materials in connection with the Business Combination (when they
become available), and any other documents filed by JFK with the
SEC, may be obtained free of charge at the SEC’s website
(www.sec.gov) or by writing to 8i Enterprises Acquisition Corp, 6
Eu Tong Sen Street, #08-13 The Central, Singapore.
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, including the identification of a
target business and potential business combination or other such
transaction, 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 the prospectus filed by JFK in connection with its
initial public offering on March 27, 2019. Important factors, among
others, that may affect actual results or outcomes include: the
inability to complete the proposed transaction; 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 JFK 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 the Company or 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 the Company’s prospectus filed in
connection with its initial public offering and the proxy statement
to be filed relating to the business combination. Other factors
include the possibility that the proposed business combination does
not close, including due to the failure to receive required
security holder approvals, or the failure of other closing
conditions.
The Company 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 Company's expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is
based.
Contacts
For inquiries regarding 8i Enterprises Acquisition Corp.:
William Yap, CFAChief Financial OfficerEmail:
ir@8icorp.comPhone: +65 6788-0388
or
Tony Tian,
CFA Weitian
Group LLC Email: ttian@weitianco.comPhone: +1 732-910-9692
For inquiries regarding Diginex:
Heather DaleChief Marketing OfficerEmail:
heather.dale@diginex.comPhone: +852 9274 3312
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