Investment firm Republic to acquire crypto exchange operator INX Digital at up to $60 million valuation

investment company Republic will acquire cryptocurrency exchange platform operator INX Digital (INXDF) at a valuation of up to $60 million. Republic's subsidiary, Republic Strategic Acquisition, will acquire all of INX's outstanding shares. The transaction is expected to be completed within eight months, subject to certain conditions. Republic is already a current shareholder of INX, having acquired 9.5% of its shares in 2023. After the transaction is completed, Republic will be fully integrated into INX's operations.