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Capital Pooling Firm Valdy Rebrands to INX Digital After Reverse Merger


www.coindesk.com 11 January 2022 13:13, UTC
Reading time: ~2 m

Canadian capital pooling company Valdy Investments completed the takeover of securities token platform INX and subsequently changed its name to INX Digital, the company said on Tuesday.

  • Valdy acquired all outstanding shares in INX, concluding the C$39.6 million private placement that INX previously raised.
  • Before deal closing, common shares of Valdy were consolidated on the basis of 2.7266667 pre-consolidation Valdy Shares for one-post consolidation Valdy Share.
  • In May last year, INX completed the first SEC-registered offering of security tokens, raising an estimated $85 million. The initial public offering kicked off around eight months ago on the Ethereum blockchain.

Read more: TZERO Settles SEC Charges It Violated Disclosure Rules


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