Banxa Holdings Inc. Confirms Receipt of Unsolicited Acquisition Proposal
Banxa Holdings Inc. (TSXV: BNXA) (OTC: BNXAF), a leading infrastructure provider for embedded crypto payment platforms, has received an unsolicited acquisition proposal from an investor group led by Mr. Khurram Shroff. The non-binding proposal aims to acquire 100% of Banxa's outstanding shares at a price range of C$1.00 to C$2.00 per share.
The company's board of directors is currently reviewing the proposal with legal and financial advisors to determine the best course of action for the company and its shareholders. While evaluating various strategic and financial options, Banxa emphasizes that there is no guarantee of a definitive agreement being reached.
Banxa Holdings Inc. (TSXV: BNXA) (OTC: BNXAF), un importante fornitore di infrastrutture per piattaforme di pagamento crypto integrate, ha ricevuto una proposta di acquisizione non sollecitata da un gruppo di investitori guidato dal signor Khurram Shroff. La proposta non vincolante mira ad acquisire il 100% delle azioni in circolazione di Banxa a un prezzo compreso tra 1,00 C$ e 2,00 C$ per azione.
Il consiglio di amministrazione dell'azienda sta attualmente esaminando la proposta con consulenti legali e finanziari per determinare la migliore linea d'azione per l'azienda e i suoi azionisti. Mentre valuta varie opzioni strategiche e finanziarie, Banxa sottolinea che non c'è alcuna garanzia che venga raggiunto un accordo definitivo.
Banxa Holdings Inc. (TSXV: BNXA) (OTC: BNXAF), un proveedor líder de infraestructura para plataformas de pago cripto integradas, ha recibido una propuesta de adquisición no solicitada de un grupo de inversores liderado por el Sr. Khurram Shroff. La propuesta no vinculante tiene como objetivo adquirir el 100% de las acciones en circulación de Banxa a un precio que oscila entre 1,00 C$ y 2,00 C$ por acción.
La junta directiva de la compañía está revisando actualmente la propuesta con asesores legales y financieros para determinar el mejor curso de acción para la empresa y sus accionistas. Al evaluar diversas opciones estratégicas y financieras, Banxa enfatiza que no hay garantía de que se alcance un acuerdo definitivo.
Banxa Holdings Inc. (TSXV: BNXA) (OTC: BNXAF), 통합 암호화폐 결제 플랫폼을 위한 주요 인프라 제공업체가, Khurram Shroff 씨가 이끄는 투자자 그룹으로부터 비공식 인수 제안을 받았습니다. 비구속적인 이 제안은 Banxa의 발행 주식 100%을 주당 1.00 C$에서 2.00 C$ 사이의 가격으로 인수하는 것을 목표로 하고 있습니다.
회사의 이사회는 현재 법률 및 재무 자문과 함께 제안을 검토하여 회사와 주주를 위한 최선의 조치를 결정하고 있습니다. 다양한 전략적 및 재무 옵션을 평가하면서, Banxa는 최종 합의가 이루어질 것이라는 보장이 없음을 강조합니다.
Banxa Holdings Inc. (TSXV: BNXA) (OTC: BNXAF), un fournisseur d'infrastructure de premier plan pour les plateformes de paiement crypto intégrées, a reçu une proposition d'acquisition non sollicitée d'un groupe d'investisseurs dirigé par M. Khurram Shroff. La proposition non contraignante vise à acquérir 100 % des actions en circulation de Banxa à un prix compris entre 1,00 C$ et 2,00 C$ par action.
Le conseil d'administration de l'entreprise examine actuellement la proposition avec des conseillers juridiques et financiers pour déterminer la meilleure voie à suivre pour l'entreprise et ses actionnaires. Tout en évaluant diverses options stratégiques et financières, Banxa souligne qu'il n'y a aucune garantie qu'un accord définitif sera conclu.
Banxa Holdings Inc. (TSXV: BNXA) (OTC: BNXAF), ein führender Infrastrukturanbieter für integrierte Krypto-Zahlungsplattformen, hat ein unverlangtes Übernahmeangebot von einer Investorengruppe unter der Leitung von Herrn Khurram Shroff erhalten. Das unverbindliche Angebot zielt darauf ab, 100% der ausstehenden Aktien von Banxa zu einem Preis von 1,00 C$ bis 2,00 C$ pro Aktie zu erwerben.
Der Vorstand des Unternehmens prüft derzeit das Angebot mit rechtlichen und finanziellen Beratern, um den besten Handlungsweg für das Unternehmen und seine Aktionäre zu bestimmen. Während verschiedene strategische und finanzielle Optionen bewertet werden, betont Banxa, dass es keine Garantie für das Zustandekommen einer endgültigen Vereinbarung gibt.
- Potential acquisition offer represents interest in company's value
- Board actively evaluating strategic options to enhance shareholder value
- Non-binding nature of the proposal creates uncertainty
- Wide price range (C$1.00-2.00) indicates lack of firm valuation
Toronto, Ontario--(Newsfile Corp. - April 8, 2025) - Banxa Holdings Inc. (TSXV: BNXA) (OTC Pink: BNXAF) (FSE: AC00) ("Banxa" or the "Company"), the leading infrastructure provider for enabling embedded crypto within payment platforms, today acknowledged receipt by its board of directors (the "Board") of a non-binding, unsolicited acquisition proposal (the "Proposal") from an arm's length investor group led by Mr. Khurram Shroff (the "Potential Bidder") to acquire
Consistent with its fiduciary duties, the Board is carefully reviewing the Proposal in consultation with its legal and financial advisors to determine the course of action that it believes to be in the best interests of the Company and its shareholders. There can be no assurances that a definitive agreement, or any agreement at all, in respect of the Proposal will be entered into and no representation is made to that effect.
The Board continues to evaluate a range of strategic and financial options to enhance shareholder value.
The Company understands that the Potential Bidder has made certain details of the Proposal public. The Company does not intend to comment further on the Proposal, unless it is required to do so in accordance with applicable laws.
About Banxa Holdings Inc.
Banxa is the leading infrastructure provider for enabling embedded crypto - empowering businesses to embed crypto seamlessly into their existing platforms and unlocking new opportunities in the rapidly evolving crypto economy. Through an extensive and growing network of global and local payment solutions and regulatory licenses, Banxa helps businesses provide seamless integration of crypto and fiat for global audiences with lower fees and higher conversion rates. Headquartered in the USA, Europe, and Asia-Pacific, the Banxa team is building for a world where global commerce is run on digital assets. For further information visit www.banxa.com.
For further information, please contact:
Zafer Qureshi
Executive Director and Co-Chief Executive Officer
Banxa Holdings Inc.
E-mail: investors@banxa.com
Telephone: +1-888-332-2692
Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information may be identified by statements including words such as: "anticipate," "intend," "plan," "budget," "believe," "project," "estimate," "expect," "scheduled," "forecast," "strategy," "future," "likely," "may," "to be," "could,", "would," "should," "will" and similar references to future periods or the negative or comparable terminology, as well as terms usually used in the future and the conditional.
Statements including forward-looking information may include, without limitation, statements regarding the Proposal and the potential actions of the Board in respect thereof. Forward-looking information is based on assumptions that the Company considers to be reasonable in the circumstances, but which may prove to be incorrect.
There can be no assurance that any such assumptions will reflect the actual outcome of such items or factors. By its nature, forward-looking information involves known and unknown risks, uncertainties, changes in circumstances and other factors that are difficult to predict and many of which are outside of the Company's control which may cause actual results to differ materially from the any future or potential results expressed or implied by such forward-looking information. Important factors that could cause actual results to differ materially from those indicated in the forward-looking information include, among others. the possibility of adverse reactions or changes in business resulting from the announcement of the Proposal; the potential of any third party making a competing proposal; risks related to diverting management's attention from the Company's ongoing business operations; and other risks inherent to the business carried out by the Company and factors beyond its control which could have a material adverse effect on the Company. The reader is cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking statements.
Other than as specifically required by applicable Canadian law, the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made, whether as a result of new information, future events or results, or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/247760
FAQ
What is the proposed acquisition price range for Banxa Holdings (BNXAF) shares?
Who made the unsolicited acquisition offer for Banxa Holdings (BNXAF)?
What percentage of Banxa Holdings (BNXAF) shares are targeted in the acquisition proposal?
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