On June 27, 2025, Banxa Holdings Inc., a TSX Venture Exchange-listed issuer which is among the leading infrastructure providers enabling embedded crypto within payment platforms, entered into an arrangement agreement with OSL Group Limited (“OSL”), a Hong Kong Stock Exchange-listed issuer and a leader in the digital asset industry, and OSL BNXA Acquisition Inc. (the “Purchaser”), a wholly-owned subsidiary of OSL, pursuant to which the Purchaser agreed to acquire all of the issued and outstanding common shares of Banxa for a purchase price of $1.55 per share, payable in cash.
The transaction, which is valued at approximately $82.5 million, will be effected by way of a court-approved plan of arrangement under the Business Corporations Act (British Columbia) and is subject to regulatory approvals and other customary closing conditions.
Cassels is acting for Banxa.