Banxa Hldgs Stock Price, News & Analysis

Banxa Holdings (OTC:BNXAF) has announced the mailing of meeting materials for its upcoming annual general and special meeting scheduled for August 28, 2025. The key focus is a vote on the previously announced acquisition by OSL Group Limited and OSL BNXA Acquisition Inc., where shareholders will receive C$1.55 per share in cash.

The company has received an interim order from the British Columbia Supreme Court for the meeting arrangements. The Board has unanimously recommended shareholders vote FOR the arrangement, citing it as being in the best interests of the company and fair to shareholders. The meeting will also address annual business matters for fiscal years 2023 and 2024.

Banxa Holdings (BNXAF) reported challenging Q3 FY2025 financial results with significant declines across key metrics. Total Transaction Volume fell 28% to AUD $194M (USD $125M) due to increased competition and limited exposure to Solana-based memecoins. Gross Profit decreased 32% to AUD $5.5M (USD $3.6M), while Net Take Rate dropped to 2.0% from 2.9%. The company posted an Adjusted EBITDA loss of AUD $2.8M (USD $1.8M), compared to a profit of AUD $1.3M in the previous year. Cash, Trade Receivables, and Crypto Inventories stood at AUD $11.5M (USD $7.4M), down from AUD $13.5M. The decline in performance was attributed to inventory devaluation during volatile crypto markets and reduced user trading activity in an uncertain macro environment.

Banxa Holdings, a leading crypto payment infrastructure provider, has secured a US$5.0 million loan through a secured promissory note. The loan structure includes:

• Initial advance of US$2.0 million
• Three monthly tranches of US$1.0 million each
• 6-month maturity period
• 10% annual interest rate

The loan, obtained from an arm's length third party, will be used for working capital and general corporate purposes. The promissory note is secured by the company's assets and is not convertible into company securities. Interest payments will be made in arrears along with the principal at maturity.

Banxa Holdings Inc. (TSXV: BNXA) (OTC: BNXAF), a leading infrastructure provider for embedded crypto payment platforms, has received an unsolicited acquisition proposal from an investor group led by Mr. Khurram Shroff. The non-binding proposal aims to acquire 100% of Banxa's outstanding shares at a price range of C$1.00 to C$2.00 per share.

The company's board of directors is currently reviewing the proposal with legal and financial advisors to determine the best course of action for the company and its shareholders. While evaluating various strategic and financial options, Banxa emphasizes that there is no guarantee of a definitive agreement being reached.

Antanas Guoga has filed an early warning report regarding the disposition of 1,000,000 common shares of Banxa Holdings Inc. (BNXAF) on March 20, 2025. Prior to the disposition, Guoga held 5,330,800 common shares, representing approximately 11.69% of the issued and outstanding shares. Following the transaction, his holdings decreased to 4,330,800 shares, representing approximately 9.48% of the outstanding shares.

Guoga maintains a long-term investment perspective and may either acquire additional securities through open market or private transactions, or sell shares depending on market conditions and other relevant factors.

Banxa Holdings Inc. (BNXAF) has released its Q2 FY2025 financial results for the period ended December 31st, 2024. The company reported a 10% decrease in Total Transaction Volume (TTV) to $217 million, attributed to increased competition, partner churn, and low exposure to Solana-based memecoins.

Despite lower volumes, the company achieved a 6% increase in Gross Profit to $7.0 million through strategic cost optimization and pricing strategies. The Net Take Rate improved to 3.0% from 2.6%. Adjusted EBITDA turned positive at $0.1 million, compared to a previous loss of $0.7 million, driven by improved NTR, integration revenue, and reduced operating expenses.

The company's cash position, including Trade Receivables and Crypto Inventories, strengthened to $13.5 million, up from $11.1 million in September 2024. Notable achievements include the launch of U.S. Money Transmission Licenses, UK market entry, and submission of European Markets in Crypto Assets license application.

Banxa Holdings Inc. (TSXV: BNXA) (OTC: BNXAF) announced the mutual termination of its arrangement agreement with 1493819 B.C. , a private company formed by co-CEOs Zafer Qureshi and Holger Arians for a previously planned going-private transaction. The decision follows overwhelming shareholder sentiment to remain public and unsuccessful negotiations with Exodus Movement, Inc.

The company conducted a comprehensive 43-day go-shop period, reaching out to over 120 potential buyers. Following these developments, Richard Wells resigned from the board, and Antanas ('Tony G') Guoga was appointed as the new Chairman. Tony G, a Lithuanian-Australian entrepreneur with extensive experience in crypto and gaming businesses, has become Banxa's second-largest shareholder.

The company maintains a positive outlook for 2025, particularly regarding potential favorable crypto regulations in the United States and other jurisdictions.

Antanas Guoga has filed an early warning report regarding his acquisition of 763,600 common shares of Banxa Holdings Inc. (BNXAF) on February 14, 2025, through the TSX Venture Exchange. Prior to this acquisition, Guoga held 4,567,200 common shares, representing approximately 10.02% of outstanding shares. Following the purchase, his holdings increased to 5,330,800 shares, representing approximately 11.69% of outstanding shares.

Guoga maintains a long-term investment perspective and may further increase or decrease his position through market or private transactions, depending on market conditions and other factors.