Strategic Transaction Enhances INX's Focus on Digital Asset Innovation
TORONTO, Aug. 30, 2024 /CNW/ - The INX Digital Company, Inc. (Cboe CA: INXD) (OTCQB: INXDF) (INXATS: INX) (the "Company" or "INX"), is pleased to announce the sale of I.L.S. Brokers Ltd. ("ILSB"), an indirect wholly-owned subsidiary of INX, to an arm's length UK-based global financial services firm, for a total amount of US$4M – US$5M (the "Transaction"). The Transaction is expected to close on or about November 30, 2024. This strategic decision aligns with INX's ongoing commitment to focusing on its Real-World Assets trading platform and expanding its leadership in the digital asset ecosystem.
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