Banxa Holdings Inc. Announces Adjournment of Final Order Hearing

Rhea-AI Summary

Banxa Holdings (OTC: BNXAF) announced the Supreme Court of British Columbia hearing to approve its plan of arrangement with OSL Group and OSL BNXA Acquisition Inc. has been adjourned. The hearing is rescheduled to November 20, 2025 at 9:45 a.m. (Vancouver time) at the courthouse located at 800 Smithe Street, Vancouver, British Columbia.

The company and OSL continue to pursue certain outstanding required regulatory approvals and will await the new hearing date while those approvals remain pending.

Positive

• Plan of arrangement with OSL remains scheduled for court review
• New hearing set for November 20, 2025 at 9:45 a.m.
• Company and OSL continue pursuing required regulatory approvals

Negative

• Final order hearing was adjourned, delaying transaction timeline
• Outstanding regulatory approvals remain unresolved and pending

Toronto, Ontario--(Newsfile Corp. - November 7, 2025) - Banxa Holdings Inc. (TSXV: BNXA) (OTC Pink: BNXAF) (FSE: AC00) ("Banxa" or the "Company"), a leading infrastructure provider for enabling embedded crypto within payment platforms, today announced that the hearing for the final order of the Supreme Court of British Columbia (the "Court") to approve the previously announced plan of arrangement (the "Arrangement") with OSL Group Limited and OSL BNXA Acquisition Inc. (together, "OSL"), has been further adjourned due to scheduling and administrative issues, and will take place at the courthouse at 800 Smithe Street, Vancouver, British Columbia on November 20, 2025 at 9:45 a.m. (Vancouver time).

The Company and OSL continue to pursue certain outstanding required regulatory approvals (as described in the Company's news release dated October 27, 2025), pending the date of the new hearing.

About Banxa Holdings Inc.

Banxa is the leading infrastructure provider for enabling embedded crypto - empowering businesses to embed crypto seamlessly into their existing platforms and unlocking new opportunities in the rapidly evolving crypto economy. Through an extensive and growing network of global and local payment solutions and regulatory licenses, Banxa helps businesses provide seamless integration of crypto and fiat for global audiences with lower fees and higher conversion rates. Headquartered in the USA, Europe, and Asia-Pacific, the Banxa team is building for a world where global commerce is run on digital assets. For further information visit www.banxa.com.

For further information, please contact:

Zafer Qureshi
Executive Director and Co-Chief Executive Officer
Banxa Holdings Inc.
E: investors@banxa.com
T: +1-888-332-2692

Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information may be identified by statements including words such as: "anticipate," "intend," "plan," "budget," "believe," "project," "estimate," "expect," "scheduled," "forecast," "strategy," "future," "likely," "may," "to be," "could,", "would," "should," "will" and similar references to future periods or the negative or comparable terminology, as well as terms usually used in the future and the conditional. Statements including forward-looking information may include, without limitation, statements regarding the hearing for the final order of the Court and other statements that are not material facts. Forward-looking information is based on assumptions that may prove to be incorrect, including but not limited to, that the Company will receive, in a timely manner and on satisfactory terms, the necessary court and regulatory approvals, and otherwise be able to satisfy, in a timely manner, all outstanding conditions to the completion of the Arrangement. The Company considers these assumptions to be reasonable in the circumstances. However, there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. By its nature, forward-looking information involves known and unknown risks, uncertainties, changes in circumstances and other factors that are difficult to predict and many of which are outside of the Company's control which may cause actual results to differ materially from any future or potential results expressed or implied by such forward-looking information. Important factors that could cause actual results to differ materially from those indicated in the forward-looking information include, among others: (i) the possibility of adverse reactions or changes in business resulting from the announcement of the Arrangement; (ii) risks relating to the Company's ability to retain and attract key personnel during the interim period leading up to the completion of the Arrangement; (iii) risks related to diverting management's attention from the Company's ongoing business operations; and (iv) other risks inherent to the business carried out by the Company and factors beyond its control which could have a material adverse effect on the Company or its ability to complete the Arrangement. The Company has assumed that the risk factors referred to above will not cause such forward-looking statements and information to differ materially from actual results or events. The reader is cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking statements. Other than as specifically required by applicable Canadian law, the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made, whether as a result of new information, future events or results, or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273584

FAQ

What happened to Banxa (OTC: BNXAF) final order hearing?

The hearing was adjourned and rescheduled to November 20, 2025 at 9:45 a.m. Vancouver time.

Where and when will the Banxa (BNXAF) hearing take place on November 20, 2025?

At the courthouse at 800 Smithe Street, Vancouver, British Columbia on November 20, 2025 at 9:45 a.m. (Vancouver time).

Does the adjournment affect Banxa's plan of arrangement with OSL (BNXAF)?

The adjournment delays the final court approval but the plan of arrangement with OSL remains pending and active.

Are regulatory approvals complete for Banxa (BNXAF) and OSL?

No; the company and OSL continue to pursue certain outstanding required regulatory approvals.

Will Banxa (BNXAF) provide further updates before the November 20, 2025 hearing?

The company indicated it is pursuing approvals and will await the rescheduled hearing date for further developments.