Republic is acquiring INX
18 months until expiration
Please read the SEC documents regarding this current security and understand that I do own of these shares. This isn’t an offer or solicitation to buy shares.
https://www.sec.gov/Archives/edgar/data/1725882/000121390025045461/ea024236901ex99-2_inxlimi.htm
Republic is acquiring INX—a digital asset trading company—for up to $60 million. Republic already owns part of INX, but this deal will give it full control.
$36 million will be paid in cash to regular shareholders.
An additional $16 million might be paid later, depending on certain conditions.
$18.8 million in value will go to shareholders who choose to roll over their shares into the new structure.
Contingent Value Rights (CVR) in the INX–Republic deal:
Who gets it: Non-Rollover Shareholders—those who choose to cash out rather than roll their shares into the new Republic structure.
How much: $16 million total, split among those shareholders.
When it's paid: 18 months after the “Escrow Deposit Date” (a milestone defined in the agreement).
Conditions: The CVR is contingent, meaning it’s not guaranteed. Payment depends on certain performance or milestone conditions being met—though the exact triggers weren’t detailed in the press release.
If Republic hits those targets, the CVR is paid in full. If not, the CVR may be reduced or not paid at all.
So in short, if you're a non-Rollover shareholder, you get $20 million in cash up front (shared pro rata), and potentially another $16 million later if the CVR conditions are satisfied.
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