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Valdy Investments Ltd. Provides Update on Proposed Qualifying Transaction with INX Limited

Valdy Investments Ltd. Provides Update on Proposed Qualifying Transaction with INX Limited
Vancouver, British Columbia (Newsfile Corp. - May 4, 2021) - Valdy Investments Ltd. (TSXV: VLDY.P) (the Company or Valdy ) is providing an update, further to its news releases of February 22, 2021 and March 31, 2021, on the Company s previously announced proposed transaction (the Transaction ) to acquire all of the issued and outstanding securities of INX Limited ( INX ) pursuant to the terms of a securities exchange agreement (the Securities Exchange Agreement ) dated March 31, 2021. Upon completion of the Transaction (the Closing ), INX will become a wholly-owned subsidiary of the Company, and the combined entity (the Resulting Issuer ) will continue the business of INX. ....

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Cryptocurrency platform INX raises $32m in Toronto

Cryptocurrency platform INX raises $32m in Toronto
The Israeli company had planned to raise over $100 million last year on Wall Street.
With the cryptocurrency markets recording record highs, the Israel cryptocurrency platform INX raised C$39.6 million (US$32 million) on the Toronto Stock Exchange (TSX). The offering was conducted through a merger with a special purpose shell (similar to a SPAC) called Valdy Investments, at a market cap of C$220 million, post money. The company s shares will begin trading on the TSX once all the regulatory approvals are received.
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The successful offering was completed after a planned IPO in the Us was postponed twice in 2020. At first, INX planned raising $130 million but then in August 2020 it cut the planned raised by 10% and now it has been forced to settle on a far lower sum. ....

Eyal Izhar , Toronto Stock Exchange , Valdy Investments , கண் இழர் , டொராண்டோ ஸ்டாக் பரிமாற்றம் ,

INX Limited Closes CA$39.6 Million Subscription Receipt Private Placement in Connection with Going-Public Transaction

INX Limited Closes CA$39.6 Million Subscription Receipt Private Placement in Connection with Going-Public Transaction
NEW YORK and TORONTO, April 1, 2021 /PRNewswire/ INX Limited (
INX ) is pleased to announce that it has closed its previously announced private placement of subscription receipts (each, a
Subscription Receipt ) at CA$1.25 per Subscription Receipt for aggregate gross proceeds of CA$39,600,000 (the
Financing ).
The Financing was conducted in connection with INX s going-public transaction on the TSX Venture Exchange via a Reverse Take Over of Valdy Investments Ltd. ( Valdy ), whereby Valdy will acquire all of the issued and outstanding shares of INX (the Transaction ) pursuant to the terms of a securities exchange agreement dated March 31, 2021 among Valdy, INX, the securityholders of INX, and the Co-Lead Agents (as defined below) in exchange for the issuance of Valdy securities to the former securityholders of INX. Upon completion of the ....

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Valdy Investments Ltd. Announces Proposed Qualifying Transaction with INX Limited

Valdy Investments Ltd. Announces Proposed Qualifying Transaction with INX Limited
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