INX Limited today announced it will begin its initial public offeringof up to 130 million INX Security Tokens. INX has set the offering price at $0.90 per Token with a minimum investment of $1,000. It is anticipated that the Offering will begin on August 24, 2020 or shortly thereafter.
INX intends to use a portion of the net proceeds raised from the sale of INX Tokens in the Offering for the continued development and operation of INX Trading Solutions, a regulated solution for the trading of blockchain assets, including cryptocurrencies, security tokens, and their derivatives, and for the establishment of a cash reserve fund.
Copies of the preliminary prospectus relating to the Offering may be obtained for free by visiting EDGAR on the Securities and Exchange Commission’s website .
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release is not a prospectus and does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction in which such offer or solicitation of sale would be unlawful. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to notice of its acceptance given after the effective date.
Source : Businesswire