Crypto trading platform INX announces SEC Form F-1 approval

Startups • August 24, 2020, 2:16PM EDT
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INX Limited announced today that the Securities and Exchange Commission (SEC) has approved its Form F-1 filing in connection with its initial public offering of up to 130 million INX security tokens. 

The Form F-1 is the official statement filed by foreign companies to register additional securities as well by private companies that are trying to go public through an initial public offering. 

The Gibraltar-based company has set its offering price at $0.90 per token with a minimum investment of $1,000. The offering is expected to begin on August 25. 

According to the announcement, INX plans to use a portion of the net proceeds from the offering to continue developing and operating INX Trading Solutions, an initiative working towards the trading of blockchain assets like cryptocurrencies and security tokens. 

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Saniya More profile picture Saniya More

Saniya More (pronounced: Saan-ya Mo-ray) is a quadrilingual journalist at The Block. She got her master’s degree from the Columbia University Graduate School of Journalism and did her undergraduate degree at the S.I. Newhouse School of Public Communications, Syracuse University. Her work has appeared in CBS News, Bangkok Post, Thai Enquirer, Globalists, Byline Times and other publications. When she’s not chasing a story, you will most likely find her biking, tweeting, taking photos or creating Spotify playlists for every occasion.

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