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Banxa Holdings, Inc. ( (TSE:BNXA) ) just unveiled an update.
Banxa Holdings Inc. announced the mutual termination of its arrangement agreement with 1493819 B.C. Ltd., a private company formed by Banxa’s co-CEOs for a management-led going-private transaction. This decision aligns with the majority sentiment of Banxa’s securityholders to remain a public company and follows unsuccessful negotiations with Exodus Movement, Inc. Additionally, Banxa has appointed Antanas Guoga as the new Chairman of the Board, marking a strategic shift in leadership. The company remains optimistic about its future in a potentially favorable regulatory environment for crypto.
More about Banxa Holdings, Inc.
Banxa Holdings Inc. is a leading financial technology company in the crypto industry, providing payment solutions. It has grown significantly since its inception in 2014, establishing itself as a prominent player in the market.
YTD Price Performance: 61.46%
Average Trading Volume: 141,676
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$70.66M
See more data about BNXA stock on TipRanks’ Stock Analysis page.
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