8i Enterprises Acquisition Corp. Provides Update on Its Intended Merger Target - Diginex
30 January 2020 - 1:15AM
8i Enterprises Acquisition Corp. (NASDAQ: JFK, “JFK” or “8i”) (the
“Company”), a special purpose acquisition company, today announced
that Diginex, a digital asset financial services and advisory
company with which JFK entered into a definitive share exchange
agreement dated July 9, 2019, has appointed Shane Edwards as Head
of Investment Products, based in London.
Prior to joining Diginex, Mr. Edwards was
Managing Director at UBS Investment Bank where he held various
senior roles including Global Head of Solutions and Structuring and
Global Head of Equity Derivatives. His overall financial markets
career spans 20 years, including experience at Deutsche Bank,
RBS/ABN Amro and Macquarie Bank where he held various derivatives
structuring and trading roles.
Mr. Edwards will report to Mr. Richard Byworth,
CEO at Diginex and will also join the firm’s Executive Committee.
His initial focus will be on improving investor accessibility to
digital assets, including via traditional exchanges, as well as
integrating Diginex’s own digital asset exchange into the offering
of strategic distribution partners seeking to evolve their existing
offering.
About Diginex
Diginex is a blockchain financial services and
technology company. Diginex partners with institutional investors,
corporations and governments to make digital assets more
accessible, business processes more efficient and secure. Diginex
believes its collaborative approach and pursuit of global
cooperation is optimal to drive institutional adoption of
blockchain technologies and the regulated use of digital assets.
For more information on Diginex, please visit www.diginex.com.
About 8i Enterprises Acquisition
Corp.
8i Enterprises Acquisition Corp. is a British
Virgin Islands company incorporated as a blank check company for
the purpose of entering into a merger, share exchange, asset
acquisition, share purchase, recapitalization, reorganization or
similar business combination with one or more businesses or
entities. The Company's efforts to identify a prospective target
business will not be limited to a particular industry or geographic
region, although the Company intends to focus on targets located in
Asia.
Disclaimer
8i Enterprises Acquisition Corp, a British
Virgin Islands business company (“JFK”), Diginex Limited, a
Singapore public company limited by shares (“Singapore NewCo”),
DIGITAL INNOVATIVE LIMITED, a British Virgin Islands business
company (“BVI NewCo”), and Diginex Limited, a Hong Kong company
(“Diginex”), and their respective directors, executive officers and
employees and other persons may be deemed to be participants in the
solicitation of proxies from the holders of JFK ordinary shares in
respect of the proposed transaction among such persons (the
“Business Combination”). Information about JFK’s directors and
executive officers and their ownership of JFK’s ordinary shares is
set forth in JFK’s Annual Report on Form 10-K, dated September 18,
2019, filed with the Securities and Exchange Commission (the
“SEC”), as modified or supplemented by any Form 4 filed with the
SEC since the date of such filing. Other information regarding the
interests of the participants in the proxy solicitation will be
included in the proxy statement/prospectus included in the
Registration Statement on Form F-4 jointly filed bv Singapore NewCo
and JFK pertaining to the Business Combination (the “Form F-4”).
These documents can be obtained free of charge from the sources
indicated below.
In connection with the Business Combination,
Singapore NewCo has filed the Form F-4, which includes and serves
as a proxy statement/prospectus for JFK’s shareholders. Promptly
after the Form F-4 is declared effective by the SEC, JFK will mail
the definitive proxy statement/prospectus and a proxy card to each
shareholder entitled to vote at the meeting relating to the
approval of the Business Combination and other proposals set forth
in the proxy statement. INVESTORS AND SECURITY HOLDERS OF JFK ARE
URGED TO READ THESE MATERIALS (INCLUDING ANY AMENDMENTS OR
SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS IN CONNECTION
WITH THE BUSINESS COMBINATION THAT JFK WILL FILE WITH THE SEC WHEN
THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION ABOUT JFK, SINGAPORE NEWCO, BVI NEWCO, DIGINEX AND THE
BUSINESS COMBINATION. The preliminary proxy statement/prospectus,
the definitive proxy statement/prospectus and other relevant
materials in connection with the Business Combination (when they
become available), and any other documents filed by JFK with the
SEC, may be obtained free of charge at the SEC’s website
(www.sec.gov) or by writing to 8i Enterprises Acquisition Corp, 6
Eu Tong Sen Street, #08-13 The Central, Singapore.
Forward Looking Statements
This press release includes forward looking
statements that involve risks and uncertainties. Forward looking
statements are statements that are not historical facts. Such
forward-looking statements, including the identification of a
target business and potential business combination or other such
transaction, are subject to risks and uncertainties, which could
cause actual results to differ from the forward- looking
statements. These risks and uncertainties include, but are not
limited to, those factors described in the section entitled “Risk
Factors” in the prospectus filed by JFK in connection with its
initial public offering on March 27, 2019. Important factors, among
others, that may affect actual results or outcomes include: the
inability to complete the proposed transaction; the inability to
recognize the anticipated benefits of the proposed transaction,
which may be affected by, among other things, the amount of cash
available following any redemptions by JFK shareholders; the
ability to meet Nasdaq’s listing standards following the
consummation of the proposed transaction; and costs related to the
proposed transaction. Important factors that could cause the
combined company’s actual results or outcomes to differ materially
from those discussed in the forward-looking statements include:
Diginex’s limited operating history and history of net losses;
Diginex’s ability to manage growth; Diginex’s ability to execute
its business plan; Diginex’s estimates of the size of the markets
for its products; the rate and degree of market acceptance of
Diginex’s products; Diginex’s ability to identify and integrate
acquisitions; potential litigation involving the Company or Diginex
or the validity or enforceability of Diginex’s intellectual
property; general economic and market conditions impacting demand
for Diginex’s products and services; and such other risks and
uncertainties as are discussed in the Company’s prospectus filed in
connection with its initial public offering and the proxy statement
to be filed relating to the business combination. Other factors
include the possibility that the proposed business combination does
not close, including due to the failure to receive required
security holder approvals, or the failure of other closing
conditions.
The Company expressly disclaims any obligations
or undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in the Company's expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is
based.
Contacts
For inquiries regarding 8i Enterprises
Acquisition Corp.:
William Yap, CFAChief Financial OfficerEmail:
ir@8icorp.comPhone: +65 6788-0388
or
Tony Tian, CFA Weitian Group LLC Email:
ttian@weitianco.comPhone: +1 732-910-9692
For inquiries regarding Diginex:
Heather DaleChief Marketing OfficerEmail:
heather.dale@diginex.comPhone: +852 9274 3312
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