Capital Pooling Firm Valdy Rebrands to INX Digital After Reverse Merger

Valdy has acquired all outstanding shares in INX, concluding the C$39.6 million ($32.2 million) private placement that INX previously raised.

AccessTimeIconJan 11, 2022 at 12:28 p.m. UTC
Updated May 11, 2023 at 7:14 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

Canadian capital pooling company Valdy Investments completed the takeover of securities token platform INX and subsequently changed its name to INX Digital, the company said on Monday.

  • Valdy acquired all outstanding shares in INX, concluding the C$39.6 million private placement that INX previously raised.
  • Before deal closing, common shares of Valdy were consolidated on the basis of 2.7266667 pre-consolidation Valdy Shares for one-post consolidation Valdy Share.
  • In May last year, INX completed the first SEC-registered offering of security tokens, raising an estimated $85 million. The initial public offering kicked off around eight months ago on the Ethereum blockchain.
  • Rep. French Hill 'Rejects' Gensler's Argument Ahead of FIT21 Vote
    14:50
    Rep. French Hill 'Rejects' Gensler's Argument Ahead of FIT21 Vote
  • Donald Trump-Themed Meme Coins Are Breeding Crypto Millionaires
    01:04
    Donald Trump-Themed Meme Coins Are Breeding Crypto Millionaires
  • SEC's Gensler Pushes Back Against House Bill; Crypto Exchanges Form Coalition to Tackle Scams
    01:40
    SEC's Gensler Pushes Back Against House Bill; Crypto Exchanges Form Coalition to Tackle Scams
  • Former SEC Senior Trial Counsel on Spot Ether ETF Approval Outlook
    12:10
    Former SEC Senior Trial Counsel on Spot Ether ETF Approval Outlook
  • UPDATE (Jan. 11, 13:17 UTC): Corrects day in first paragraph to Monday from Tuesday.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Jamie Crawley

    Jamie Crawley is a CoinDesk news reporter based in London.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.



    Read more about