Welcome to our dedicated page for Banxa Hldgs news (Ticker: BNXAF), a resource for investors and traders seeking the latest updates and insights on Banxa Hldgs stock.
Banxa Holdings Inc. (BNXAF) has been the subject of frequent corporate and regulatory updates, particularly in connection with its role as an infrastructure provider for embedded crypto and its transition from a public company to a wholly owned subsidiary of OSL BNXA Acquisition Inc., part of OSL Group Limited. The news flow around Banxa highlights both its operational developments in embedded crypto infrastructure and the steps involved in its take-private transaction.
Readers of the BNXAF news page can review announcements describing Banxa’s embedded crypto focus, its network of global and local payment solutions, and its reliance on regulatory licenses to support integration of crypto and fiat for global audiences. News items also cover the company’s regulatory milestones, such as securing a Markets in Crypto Assets (MiCA) license in the Netherlands through its subsidiary EU Internet Ventures B.V., and disclosures about money transmitter licenses in U.S. states and licenses in the UK, Canada, and Australia.
A significant portion of Banxa’s recent news relates to the plan of arrangement with OSL Group. Articles document securityholder approvals, court orders from the Supreme Court of British Columbia, updates on required regulatory approvals, and the eventual closing of the arrangement on January 2, 2026. These releases explain how all issued and outstanding Banxa shares were acquired for cash consideration and how Banxa became a wholly owned subsidiary of the purchaser, with its shares expected to be delisted from the TSX Venture Exchange, OTC Pink, and Frankfurt Stock Exchange.
Investors and researchers can use this news page to follow the historical sequence of Banxa’s financial disclosures, including quarterly and annual results, and to understand the context of the company’s strategic shift through the take-private transaction with OSL Group.
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.
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