Circle, the cryptocurrency firm behind the stablecoin USDC, has reportedly terminated plans to go public after canceling its special purpose acquisition company (SPAC) transaction with Concord Acquisition Corp. The two companies decided to terminate a planned business combination proposal that was going to pave way for an initial public offering. According to reports, the boards…
A SPAC, or Special Purpose Acquisition Company, is a company that has no commercial operations and is formed strictly to raise capital through an initial public offering (IPO) for the purpose of acquiring or merging with an existing company. SPACs have been around for decades, but have seen a Cambrian explosion in recent years. In…
Bitcoin Press Release: Crypto exchange INX, which recently launched its security token initial public offering (IPO), has crossed the minimum $7.5 million threshold imposed by the U.S. Securities and Exchange Commission (SEC). Over 3,000 retail and accredited investors registered for the INX token offering in the first 3 days. 14th September 2020, New York, United…
22nd August, 2020, NEW YORK, United States – INX Limited today announced that the Securities and Exchange Commission (SEC) has declared as effective its registration statement on Form F-1 filed in connection with the initial public offering (the “Offering”) of up to 130 million INX Security Tokens (the “INX Tokens” or “Tokens”). INX has set…