Embedded Crypto Infrastructure

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Banxa Holdings Inc. Announces Mailing of Meeting Materials and Receipt of Interim Order
Newsfileยท 2025-08-01 20:05
Core Viewpoint - Banxa Holdings Inc. is preparing for an annual general and special meeting to discuss a proposed arrangement for the acquisition of its shares at a cash consideration of C$1.55 per share [2][4]. Group 1: Meeting Details - The meeting is scheduled for August 28, 2025, at 10:00 a.m. Vancouver time [1]. - Meeting materials were mailed to securityholders on August 1, 2025, for those recorded as of July 24, 2025 [2]. - The agenda includes voting on annual business matters for the financial years ended June 30, 2024, and 2023, and the Arrangement Resolution [2]. Group 2: Arrangement Resolution - The Arrangement involves OSL Group Limited and OSL BNXA Acquisition Inc. acquiring all issued and outstanding shares of Banxa for C$1.55 per share [2]. - Completion of the Arrangement is contingent upon several factors, including approval at the meeting, a final court order, acceptance by the TSX Venture Exchange, and necessary regulatory approvals [5]. Group 3: Company Overview - Banxa is a leading infrastructure provider for embedded crypto, facilitating seamless integration of crypto and fiat payments for businesses [9]. - The company operates globally with a focus on enhancing payment solutions and regulatory compliance in the evolving crypto economy [9].