The INX Digital Company, Inc. announces an Equity Buyback for 12,713,823 shares.
August 09, 2023 at 02:20 pm
Share
The INX Digital Company, Inc. (NEOE:INXD) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 12,713,823 common shares provided that the aggregate purchase price for any Common Shares acquired under the NCIB and for any tokens of INX Limited (?INX Tokens?) acquired under its previously disclosed token repurchase program must not exceed $5 million. Any common shares purchased under the program will be cancelled. The program will expire earlier of August 10, 2024, and such earlier date on which the maximum number of common shares are purchased under the
program.
The INX Digital Company, Inc. is engaged in the operation and ongoing development of integrated and regulated solutions for trading blockchain assets. Its INX.One trading platform is designed to help customers automate and coordinate front-office trading functions, middle-office risk management and reporting functions, as well as operations and accounting functions. The Company charges a fee at the transaction level. The transaction fee is calculated based on volume, which varies as a result of the value of the transaction. The Company operates through two segments: Digital assets and Brokerage. The Digital assets segment offers integrated, regulated solutions for trading blockchain assets that includes a digital asset trading platform, a security token trading platform, and other services and products related to the trading of digital assets. The Brokerage segment facilitates financial transactions between financial institutions and offers a full range of brokerage services to banks.
THE INX DIGITAL COMPANY, INC. 
