OSL GROUP plans to acquire all shares of Banxa

According to the announcement from OSL GROUP (00863), on June 27, 2025 (after trading hours) (Hong Kong time), the company, buyer OSL BNXA Acquisition Inc., and Banxa entered into an arrangement agreement regarding the proposed acquisition of all Banxa shares (including Banxa shares to be issued due to the conversion of Banxa convertible debentures that have not yet matured immediately before the effective time) by the company (through its indirect wholly-owned subsidiary, the buyer) in accordance with the provisions of the BCBCA. The maximum consideration for the proposed acquisition is approximately CAD 85.2 million, including the consideration payable to Banxa's option and warrant holders at the effective time.

Banxa, registered in British Columbia, Canada, and listed on the Toronto Stock Exchange's Venture Exchange, is a leading infrastructure provider that empowers businesses to seamlessly integrate cryptocurrency into their existing platforms, unlocking new opportunities in the rapidly evolving crypto economy and facilitating the buying and selling of digital assets. Its main operations and offices are located in Europe, North America, and Australia. Specifically, Banxa holds multiple licenses and registrations in various regions around the world. The proposed acquisition aligns with the group's business strategy for global expansion in the digital asset industry (the industry in which the group currently operates)