Diginex’s Merger With 8i Enterprises Acquisition

Loeb & Loeb LLP advised 8i Enterprises Acquisition Corp on the deal, while Winston & Strawn represented Diginex Limited.

Diginex Limited (“Diginex” or the “Company”), a digital assets financial services company, announced that it has completed its business combination transaction (the “Transaction”) with 8i Enterprises Acquisition Corp. (Nasdaq: JFK) (“8i”), a special purpose acquisition company (“SPAC”). The Transaction, which was approved at a Special Meeting of Shareholders on September 15, 2020, creates the first listed company on Nasdaq with a cryptocurrency exchange.

Diginex Limited will trade on Nasdaq under the ticker symbol “EQOS” where it will offer investors the opportunity to participate in the growth of digital assets. The Company’s warrants will trade under the ticker “EQOSW”.

Approximately US$50 million was raised, comprising both Diginex’s private raise completed in advance of the listing and the cash remaining in the SPAC. This will strengthen the Company’s balance sheet and will enable it to realize its vision to build a digital assets ecosystem that offers innovative product and services that are compliant, fair and trusted.

Chardan acted as a financial advisor and Loeb and Loeb LLP acted as legal counsel to 8i. Winston & Strawn LLP acted as legal counsel to Diginex.

The Loeb & Loeb team was led by Mitch Nussbaum (Picture).

Winston & Strawn represented Diginex Limited with partners Simon Luk, Jared S. Manes, Nyron J. Persaud, David A. Sakowitz, and associates Kathy Ku, Sharon Mori, John P. Niedzwiecki, Ben D. Smolij.

Involved fees earner: Mitchell Nussbaum – Loeb & Loeb Llp; Kathy Ku – Winston & Strawn; Simon Luk – Winston & Strawn; Jared Manes – Winston & Strawn; Sharon Mori – Winston & Strawn; John Niedzwiecki – Winston & Strawn; Nyron Persaud – Winston & Strawn; David Sakowitz – Winston & Strawn; Ben Smolij – Winston & Strawn;

Law Firms: Loeb & Loeb Llp; Winston & Strawn;

Clients: 8i Enterprises Acquisition Corp ; Diginex;

Author: Ambrogio Visconti