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Abaxx Announces Results of 2025 Annual Meeting of Shareholders
Globenewswire· 2025-09-11 21:45
Company Overview - Abaxx Technologies Inc. is a financial software and market infrastructure company, majority shareholder of Abaxx Singapore Pte Ltd., which owns Abaxx Commodity Exchange and Clearinghouse [1][4] - The company aims to build Smarter Markets by providing better tools, benchmarks, and technology to address societal challenges, including the energy transition [3] Shareholder Meeting Results - The annual meeting of shareholders was held virtually on September 11, 2025, with 17,183,123 common shares represented, accounting for 49.96% of the total issued shares [1] - Shareholders voted to set the number of directors at seven, with 99.9% voting in favor [2] - All seven proposed directors were elected, with notable votes in favor for each nominee, such as W. Scott Leckie receiving 99.5% support [2] Financial and Operational Highlights - KPMG LLP was appointed as auditors for the upcoming year, with 99.9% of votes in favor [2] - Abaxx Exchange is focused on providing market infrastructure for a low-carbon economy through futures contracts in LNG, carbon, battery materials, and precious metals [5] - Abaxx Spot modernizes physical gold trading with a physically-backed gold pool in Singapore, facilitating secure electronic transactions and supporting physical delivery for gold futures contracts [6]
Abaxx Announces Investor Call to Discuss Tokenized Digital Collateral Pilots and Abaxx Exchange and Clearing Updates
Globenewswire· 2025-08-06 12:01
Core Points - Abaxx Technologies Inc. will host an investor update call on August 11, 2025, to discuss recent technology pilot initiatives and operational milestones [1][2][3] - The call aims to provide insights into how these initiatives align with Abaxx's commercial strategy and progress in key business areas [2][3] Company Overview - Abaxx Technologies is a financial software and market infrastructure company, and it is the majority shareholder of Abaxx Singapore Pte Ltd., which owns the Abaxx Commodity Exchange and Clearinghouse [1][4] - The company focuses on developing financial technologies that enhance communication, trade, and transaction security [4] Market Infrastructure - Abaxx Exchange provides critical market infrastructure for the transition to a low-carbon economy through centrally-cleared, physically-deliverable futures contracts in various commodities, including LNG, carbon, battery materials, and precious metals [5] - Abaxx Spot modernizes physical gold trading with a physically-backed gold pool in Singapore, enabling secure electronic transactions and efficient OTC transfers [6] Strategic Goals - The company aims to create smarter markets by leveraging better tools, benchmarks, and technology to address significant societal challenges, including the energy transition [3][5]