Blockchain 

Blockchain Financial Firm Diginex Goes Public in Reverse Merger With 8i

Hong Kong-based blockchain financial services firm Diginex Ltd. is scheduled to go public through a reverse merger with investment holding company 8i Enterprises Acquisition Corp. Subsequently, the firm will be listed on the Nasdaq, Bloomberg reported on July 10. Diginex is reportedly going to close a reverse merger deal with 8i, which will reportedly amount to $276 million including debt. Diginex shareholders will reportedly get 20 million ordinary shares of 8i, valued at $10 per share. According to Diginex’s CEO Richard Byworth the deal is set to ensure “broader market…

Read More
Blockchain 

Crypto’s Merger Problem and What Can Be Done When M&As Go Wrong

Mergers. They’re a tricky business at the best of times, but when conducted in a nascent industry in which regulations, guidelines and best practice haven’t been firmly established, they can be absolutely perilous. Just ask Coinbase, which acquired blockchain analytics startup Neutrino in February for what turned out to be a fee of $13.5 million. This seemed all fine and dandy at the time, but it soon emerged that founding members of Neutrino’s staff had links to Hacking Team, an Italian software firm that had controversially sold surveillance tools to…

Read More
Blockchain 

Reverse Merger Could Take Bithumb Crypto Exchange Public in the U.S.

Singapore-based holding firm Blockchain Exchange Alliance, which has a controlling stake in major crypto exchange Bithumb, is looking to list in the United States by acquiring a publicly traded company in the country, CNBC reports on Jan. 22. According to CNBC, a publicly-traded holding company called Blockchain Industries announced that it had a binding letter of intent with Blockchain Exchange Alliance. Acquiring a publicly-traded company, or a so-called reverse merger, can be a faster way to take a company public than a traditional Initial Public Offering (IPO). Should the reverse…

Read More