OSL Group (00863) plans to acquire all Banxa shares

Zhitong Finance App News, OSL Group (00863) announced that on June 27, 2025 (after the trading period) (Hong Kong time), the company, the buyer OSL BNXA Acquisition Inc. and BANXA will make arrangements for the proposed acquisition of all Banxa shares (including Banxa shares to be issued due to the conversion to Banxa convertible shares that have not expired immediately before the effective time) in accordance with the BCBCA regulations agreement. The maximum cost of the proposed acquisition is approximately $85.2 million, including the costs payable to Banxa share options and Banxa share warrant holders at the effective time.

Banxa, incorporated in British Columbia, Canada and listed on the Toronto Stock Exchange GEM, is a leading infrastructure provider that enables companies to seamlessly embed cryptocurrencies into their existing platforms, unlock new opportunities in the rapidly developing crypto economy, and promote digital asset trading. Its main business and offices are located in Europe, North America and Australia. Specifically, Banxa holds multiple licenses and registrations in different regions of the world. The proposed acquisition is in line with the Group's business strategy for global expansion in the digital asset industry (the industry in which the Group currently operates).