Diginex Raises $20M Ahead of SPAC Listing on Nasdaq

Diginex, the -based company behind the newly launched crypto exchange, has raised $20 million ahead of an anticipated Nasdaq listing later this month.

  • The funding was raised by way of a privately placed convertible note with institutions and family offices in Europe and , according to a press statement.
  • EQUOS.io is expected to be the first publicly traded cryptocurrency exchange in the U.S.
  • Importantly, [the funding round] will help us meet certain listing requirements, paving the way for a successful business combination with 8i on Nasdaq in late September, CEO Richard Byworth said in a statement.
  • 8i Enterprises is a special-purpose acquisition company (SPAC). are the backdoor IPO vehicles that are currently in vogue for tech companies going public.

Source: Nasdaq – Diginex Raises $20M Ahead of SPAC Listing on Nasdaq