04:51:13 EDT Thu 03 Jul 2025
Enter Symbol
or Name
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Banxa Holdings Inc
Symbol BNXA
Shares Issued 45,687,056
Close 2025-04-07 C$ 0.45
Market Cap C$ 20,559,175
Recent Sedar Documents

Banxa spills beans on $1-to-$2-a-share buyout bid

2025-04-08 12:08 ET - News Release

Mr. Zafer Qureshi reports

BANXA HOLDINGS INC. CONFIRMS RECEIPT OF UNSOLICITED ACQUISITION PROPOSAL

Banxa Holdings Inc. has acknowledged the receipt by its board of directors of a non-binding, unsolicited acquisition proposal from an arm's-length investor group led by Khurram Shroff to acquire 100 per cent of the issued and outstanding shares of the company at a purchase price in the range of between $1 to $2 per share.

Consistent with its fiduciary duties, the board is carefully reviewing the proposal in consultation with its legal and financial advisers 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 licences, Banxa helps businesses provide seamless integration of crypto and fiat for global audiences with lower fees and higher conversion rates. Headquartered in the United States, Europe and Asia-Pacific, the Banxa team is building for a world where global commerce is run on digital assets.

We seek Safe Harbor.

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