8i Enterprises Acquisition Corp. (NASDAQ: JFKKU, JFK, JFKKW, JFKKR)
(“JFK” or the “Company”), a special purpose acquisition company,
today announced that Digivault, the secure digital asset custody
provider and a group company of Diginex with which JFK entered into
a definitive share exchange agreement dated July 9, 2019, is going
to be listed in the Polymath Service Provider Marketplace, where
security token issuers can connect with integrated providers
including custody providers.
This will allow Digivault to broaden its reach
into a burgeoning community of ecosystem participants, while
offering Polymath users the opportunity to utilize Digivault’s
simple and transparent custody services. Polymath provides
organizations and issuers with the opportunity to create and manage
a range of security tokens with ease and transparency, utilizing
its smart contracts and its self-serve platform.
Digivault is committed to advancing
transparency, security and inclusion in tokenized assets. Digivault
believes that this collaboration with Polymath, which is also
committed to building robust, regulatory adherent infrastructure,
is an important stepping stone in the growth of the digital asset
class, and this will expand the security infrastructure offerings
for tokenized assets investors in the Polymath ecosystem while
providing greater transparency for all users.
Digivault’s mantra of ‘Secure by Design’ is
reinforced by internationally recognised standards and
accreditations including Cyber Essentials Plus which is backed by
the UK Government. Digivault has passed the rigorous process that
ensures it has the measures in place to protect against the vast
majority of common cyberattacks, including hacking, phishing,
malicious software and ransomware and distributed denial of service
(DDOS) attacks.
About Polymath (Polymath
Network)
Polymath Network (Polymath) is a decentralized
platform that makes it easy to create and manage security tokens.
The platform simplifies the complex challenges of security tokens
and aims to bring the multi-trillion-dollar financial securities
market to the blockchain.
About Diginex/Digivault
Diginex is a blockchain financial services and
technology company. Diginex partners with institutional investors,
corporations and governments to make digital assets more accessible
and 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
visit: https://www.diginex.com/
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 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 the Registration Statement on Form F-4 jointly filed
by Singapore NewCo and JFK pertaining to the Business Combination
(the “Form F-4”). This document can be obtained free of charge from
the sources indicated below.
The Form F-4 contains a proxy
statement/prospectus for JFK’s shareholders (the “Definitive Proxy
Statement”). JFK has mailed the Definitive Proxy Statement 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 Definitive 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 Definitive Proxy
Statement and other relevant materials in connection with the
Business Combination, 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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