OSL Group announced that on June 27, 2025, the company, the buyer and Banxa entered into an arrangement agreement on the company's proposed acquisition of all Banxa shares in accordance with the BCBCA regulations. 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 was incorporated in British Columbia, Canada and listed on the Toronto Stock Exchange GEM. It is a leading infrastructure provider that empowers enterprises to seamlessly embed cryptocurrencies into their existing platforms, unleash new opportunities in the rapidly developing crypto economy, and promote digital asset trading. Banxa has been in the cryptocurrency business for over 10 years, holding multiple licenses and registrations in different regions of the world. It has 45 licenses around the world and serves more than 150 countries. OSL Group said that Banxa's proposed acquisition is in line with the Group's business strategy for global expansion in the digital asset industry. Once the proposed acquisition is completed, Banxa will become the buyer's wholly-owned subsidiary and inter-company wholly-owned subsidiary.

OSL Group announced that on June 27, 2025, the company, the buyer and Banxa entered into an arrangement agreement on the company's proposed acquisition of all Banxa shares in accordance with the BCBCA regulations. 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 was incorporated in British Columbia, Canada and listed on the Toronto Stock Exchange GEM. It is a leading infrastructure provider that empowers enterprises to seamlessly embed cryptocurrencies into their existing platforms, unleash new opportunities in the rapidly developing crypto economy, and promote digital asset trading. Banxa has been in the cryptocurrency business for over 10 years, holding multiple licenses and registrations in different regions of the world. It has 45 licenses around the world and serves more than 150 countries. OSL Group said that Banxa's proposed acquisition is in line with the Group's business strategy for global expansion in the digital asset industry. Once the proposed acquisition is completed, Banxa will become the buyer's wholly-owned subsidiary and inter-company wholly-owned subsidiary.