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An update from Banxa Holdings, Inc. ( (TSE:BNXA) ) is now available.
Banxa Holdings Inc. has received a superior acquisition proposal from Exodus Movement, Inc., offering a combination of cash and shares that collectively exceed the value of a previously agreed proposal with 1493819 B.C. Ltd. The board of Banxa considers this new offer superior, but the existing purchaser has until February 10, 2025, to amend their proposal. The board has not changed its recommendation, and a shareholder meeting is scheduled for February 25 to discuss the current arrangement.
More about Banxa Holdings, Inc.
Banxa Holdings Inc. operates in the financial technology industry, providing services related to digital asset transactions. Its primary focus is on facilitating cryptocurrency transactions and offering related financial products.
YTD Price Performance: 28.12%
Average Trading Volume: 138,291
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$56.07M
See more insights into BNXA stock on TipRanks’ Stock Analysis page.