In an update earlier today, global tech conglomerate Meta shared news of its latest moves surrounding digital collectibles. From September 29th, subsidiaries Facebook and Instagram will now allow users to link their virtual wallets with their accounts and also share non-fungible tokens. Users Across 100 Countries Can Access New Meta Feature Everyone on @instagram and @facebook can now share their digital collectibles in the US, and on Instagram in the previously announced 100+ countries,” Meta announced in a tweet. https://twitter.com/MetaNewsroom/status/1575486040349245446?s=20&t=TpIDHfYcRCtVRMNrwYhWiA…
Diginex (EQOS), the Hong Kong-based digital assets group, has entered into definitive agreements with particular institutional investors to scale up aggregate gross proceeds of about $38.6 million via the private placement of its equity securities.
Diginex will trade an aggregate of 2,571,669 of its ordinary shares together with warrants to acquire up to a total of 2,571,669 ordinary shares at $15.00 per share and accompanying warrant. The contracts should take effect straight away with a term of three years and an exercise price of $18.75 per share.
Diginex plans to utilize the net revenue from the offering for working capital and general corporate purposes. H.C. Wainwright & Co. will take up the responsibility of acting as the exclusive placement agent for the offering, which is scheduled to end on or about January 13, 2021, subject to the satisfaction of customary closing conditions.
Diginex focuses on providing a cryptocurrency and digital assets ecosystem, offering innovative products and services that are compliant, fair, and trusted. The digital assets financial services company recently became the first digital assets group with a crypto exchange to publicly launch in the U.S., and it was chosen to embark on Nasdaq in the third quarter of 2020.
With uncertainties surrounding the ties between digital currencies and digital assets shared with policymakers and regulators worldwide, this marked a historical event, a significant milestone for the digital assets sector and the financial services sector overall.
The CEO of Diginex commented Richard Byworth said they were excited to announce this private placement offering, allowing them to continue investing in their business and executing business plans. He added that they had introduced their bitcoin perpetual futures contract a few weeks ago, signifying the initial derivative product to launch on EQUOS, their cryptocurrency exchange. Diginex aims to hasten the set up of their product roadmap.
The press release does not include an offer to sell or the solicitation of an offer to buy the mentioned securities. There shall be no trade involving these securities in any jurisdiction. Such proposal, solicitation, or sale would be unlawful before the registration or qualification under the securities laws of any such jurisdiction.
Diginex will file a registration statement with the Securities and Exchange Commission, including the resale of the ordinary shares traded in the private placement and the claims underlying the warrants sold.