Diginex Receives Approval on Business Combination from 8i Shareholders, Representing Another Important Milestone Prior to Diginex’s Nasdaq Listing

Diginex Limited (“Diginex” or the “Company”), a digital assets financial services company, announced today that shareholders of 8i Enterprises Acquisition Corp. (NASDAQ: JFK) (“8i”), a special purpose acquisition company, voted to approve the proposed business combination transaction (the “Transaction”) with Diginex at a Special Meeting of Shareholders held for this purpose on September 15, 2020.

Shareholders overwhelmingly supported the merger, with holders of 5,862,104 shares of 8i, or approximately 81.27% of the issued and outstanding shares of 8i, voting to approve the Transaction.

This is a critical step towards the listing of Diginex, with both parties expecting the Transaction to close later this month, following activities that include, final documentation and filings with applicable regulators. Following the closing, Diginex’s shares will trade on Nasdaq under the ticker symbol “EQOS” and its warrants will trade under the ticker “EQOSW.”

The business combination means that Diginex will become the first listed company on Nasdaq with a cryptocurrency exchange, offering investors the opportunity to participate in the growth of this emerging asset class via the public markets.

Diginex brings together a comprehensive ecosystem of financial services for digital assets. It will comprise the recently launched cryptocurrency exchange EQUOS.io, digital asset trading technology platform Diginex Access, securitization advisory firm Diginex Capital, digital asset custody provider Digivault, and the investment management business Bletchley Park Asset Management.

Richard Byworth, CEO of Diginex, said: “Today marks a significant milestone for Diginex. This result during unprecedented market conditions is a significant achievement and testament to the enormous opportunity that the digital asset class provides. The expected listing is yet another step towards the broader adoption.”

“As the COVID-19 pandemic continues to negatively impact global economies, it has accelerated the adoption of digital assets. We believe that Diginex is well-positioned to benefit from this opportunity as we scale our digital assets ecosystem for the long term.”

“Later this month, US equity investors will be able to invest directly in the Diginex ecosystem and participate in the growth of our exchange, custody, advisory, and asset management services. We believe the listing will bring much needed transparency to this industry.”

Press Contacts:
Heather Dale
Diginex
E: [email protected]
Tel: +852 9274 3312

About Diginex

Diginex is a digital asset financial services and advisory company focused on delivering innovative products, architecture, and infrastructure to foster the mainstream adoption of the digital asset class. The group encompasses cryptocurrency exchange and over-the-counter (OTC) trading operations EQUOS.io, a front-to-back integrated trading platform Diginex Access, market-leading hot and cold custodian Digivault, and funds business Bletchley Park Asset Management. For more information visit: https://www.diginex.com/

Follow Diginex on social media on Twitter @DiginexGlobal, on Facebook @DiginexGlobal, and on LinkedIn. Follow EQUOS.io on social media, on Twitter @EQUOS_io and on LinkedIn.

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 Singapore Newco’s Registration Statement on Form F-4 jointly filed bv Singapore NewCo and JFK pertaining to the Business Combination (the “Form F-4”), 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. These documents can be obtained free of charge from the sources indicated below.

In connection with the Business Combination, Singapore NewCo has filed, and the SEC has declared effective, the Form F-4, which includes and serves as a proxy statement/prospectus for JFK’s shareholders. JFK mailed 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 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 Form F-4 filed. 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.