On December 19, 2024, Banxa Holdings Inc. (TSXV: BNXA) announced its acquisition by 1493819 B.C. Ltd. for C$1.00 per share, representing a 33% premium to the December 18, 2024, closing price. The transaction, approved by Banxa’s Special Committee and Board, included a 42-day go-shop period for superior offers.

Legal advisors included Peterson McVicar LLP for the Special Committee, DuMoulin Black LLP for Banxa, and Cassels Brock & Blackwell LLP for the Purchaser. Closing is expected in Q1 2025.