The INX Digital Company, Inc. (NEO: INXD, INXATS: INX, OTCQB: INXDF), a regulated digital asset trading platform owner, announced on August 9, 2023, its intention to renew its normal course issuer bid (NCIB) program to repurchase common shares of the company. Alongside this, INX’s subsidiary, INX Limited, intends to renew its INX Token repurchase program.
NCIB Program Details
The NCIB, accepted by the Neo Exchange Inc., operating as Cboe Canada, allows the company to purchase up to 12,713,823 Common Shares, approximately 10% of the public float as of July 28, 2023. The aggregate purchase price for any Common Shares acquired under the NCIB and INX Tokens acquired under the token repurchase program must not exceed US$5 million.
Purchases under the NCIB may be made through open market transactions on the NEO Exchange and/or Canadian alternative trading systems. Daily purchases cannot exceed 31,348 Common Shares, 25% of the average…
