8i Enterprises Acquisition Corp. Shareholders Approve Business Combination with Diginex Limited
September 15 2020 - 3:30PM
8i Enterprises Acquisition Corp. (NASDAQ: JFK, “JFK” or “8i”) (the
“Company”), a special purpose acquisition company, announced today
that its shareholders voted to approve the proposed business
combination transaction (the “Transaction”) with Diginex Limited
(“Diginex”) at a Special Meeting of Shareholders held for this
purpose on September 15, 2020. Shareholders of 5,862,104
shares of JFK's ordinary shares, or approximately 81.27% of the
issued and outstanding shares, voted in favor of the
Transaction. JFK also announced that shareholders of 3,423,625
shares have elected to redeem their shares in connection with the
closing of the Transaction.
The parties expect the closing of the
Transaction to occur later this month, pending, among others, final
documentation and filings being submitted to applicable regulatory
authorities. Following the closing, Diginex’s shares will trade on
the Nasdaq under the ticker symbol “EQOS” and its warrants will
trade under the ticker “EQOSW.”
Diginex brings together a comprehensive
ecosystem of financial services for digital assets, comprising the
recently launched cryptocurrency exchange EQUOS.io, digital asset
trading technology platform Diginex Access, securitization advisory
firm Diginex Capital, digital asset custody provider Digivault and
the investment management business Bletchley Park Asset Management.
Upon completion of the Transaction, Diginex will become the first
listed company on Nasdaq with a cryptocurrency exchange.
About Diginex
Diginex is a digital assets financial services
company focused on delivering a cryptocurrency and digital assets
ecosystem offering innovative product and services that are
compliant, fair and trusted. The group encompasses cryptocurrency
exchange EQUOS.io as well as an over-the-counter trading platform.
It also offers a front-to-back integrated trading platform Diginex
Access, a securitization advisory service Diginex Capital, market
leading hot and cold custodian, Digivault and funds business
Bletchley Park Asset Management. For more information visit:
https://www.diginex.com/
Follow Diginex on social media on Twitter
@DiginexGlobal, on Facebook @DiginexGlobal, and on LinkedIn. Follow
EQUOS.io on social media on Twitter @EQUOS_io and on LinkedIn.
About 8i Enterprises Acquisition
Corp.
8i Enterprises Acquisition Corp. is a British
Virgin Islands company incorporated as a blank check company for
the purpose of entering into a merger, share exchange, asset
acquisition, share purchase, recapitalization, reorganization or
similar business combination with one or more businesses or
entities. The Company's efforts to identify a prospective target
business will not be limited to a particular industry or geographic
region, although the Company intends to focus on targets located in
Asia.
Forward Looking Statements
This press release includes forward looking
statements that involve risks and uncertainties. Forward looking
statements are statements that are not historical facts. Such
forward-looking statements, including the identification of a
target business and potential business combination or other such
transaction, are subject to risks and uncertainties, which could
cause actual results to differ from the forward- looking
statements. These risks and uncertainties include, but are not
limited to, those factors described in the section entitled “Risk
Factors” in the prospectus filed by JFK in connection with its
initial public offering on March 27, 2019. Important factors, among
others, that may affect actual results or outcomes include: the
inability to complete the proposed transaction; the inability to
recognize the anticipated benefits of the proposed transaction,
which may be affected by, among other things, the amount of cash
available following any redemptions by JFK shareholders; the
ability to meet Nasdaq’s listing standards following the
consummation of the proposed transaction; and costs related to the
proposed transaction. Important factors that could cause the
combined company’s actual results or outcomes to differ materially
from those discussed in the forward-looking statements include:
Diginex’s limited operating history and history of net losses;
Diginex’s ability to manage growth; Diginex’s ability to execute
its business plan; Diginex’s estimates of the size of the markets
for its products; the rate and degree of market acceptance of
Diginex’s products; Diginex’s ability to identify and integrate
acquisitions; potential litigation involving the Company or Diginex
or the validity or enforceability of Diginex’s intellectual
property; general economic and market conditions impacting demand
for Diginex’s products and services; and such other risks and
uncertainties as are discussed in the Company’s prospectus filed in
connection with its initial public offering and the proxy statement
to be filed relating to the business combination. Other factors
include the possibility that the proposed business combination does
not close, including due to the failure to receive required
security holder approvals, or the failure of other closing
conditions.
The Company expressly disclaims any obligations
or undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in the Company's expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is
based.
Contacts
For inquiries regarding 8i Enterprises Acquisition
Corp.:
William Yap, CFAChief Financial OfficerEmail:
ir@8icorp.comPhone: +65 6788-0388
or
Tony Tian,
CFA Weitian
Group LLC Email: ttian@weitianco.comPhone: +1 732-910-9692
For inquiries regarding Diginex:
Heather DaleChief Marketing OfficerEmail:
heather.dale@diginex.comPhone: +852 9274 3312
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