Home » Cryptocurrency News » Cryptocurrency News » Diginex Raises $20M Ahead of SPAC Listing on Nasdaq Diginex Raises $20M Ahead of SPAC Listing on Nasdaq September 8, 2020
Sep 8, 2020 at 15:50 UTC Updated Sep 8, 2020 at 15:57 UTC
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Diginex, the Hong Kong-based company behind the newly launched EQUOS.io 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 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.
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