- The funding was raised by way of a privately placed convertible note with institutions and family offices in Europe and asia, 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, diginex CEO Richard Byworth said in a statement.
- 8i Enterprises is a special-purpose acquisition company (SPAC). spacs 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