by Viktor A 

June 9, 2021

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The acquisition of OpenFinance has been completed. From now on, INX (INX) will be the official owner of the OPPENFinance brand.

In January, OpenFinance Group Ltd (OSF) (OSF: OX) announced that the company had entered into an agreement with INX Management Ltd (INX) (INX: INX) pursuant to which INX would acquire all of the issued and outstanding securities of OSF in a cash transaction valued at $15,000,000.00. In accordance with the terms of the agreement, on February 14, 2018, the requisite number of OSF shareholders entered into a share exchange agreement whereby they agreed to exchange all of their OSF securities, free of charge, into shares of INX. In accordance with the terms of the agreement, the securities of OSF were purchased by INX at a price per share