Toronto, Ontario — December 17, 2025 — Leads & Copy — Banxa Holdings Inc. has provided an update on regulatory approvals and other conditions for its planned arrangement with OSL Group Limited and OSL BNXA Acquisition Inc.
Banxa (TSXV: BNXA) (OTC Pink: BNXAF) (FSE: AC00) has secured change of control approvals for its money-transmitter licenses in 36 out of 37 designated U.S. states. The final approval is expected soon, or the OSL Group may waive it.
The company has also received a Declaration of No Objection from the De Nederlandsche Bank in the Netherlands and approval from the Financial Conduct Authority in the United Kingdom regarding the change of control.
Banxa and the OSL Group are working to finalize the remaining conditions for the arrangement. The outside date for completion has been extended by 30 days to January 29, 2026, as per the arrangement agreement dated June 27, 2025. The parties are targeting January 2, 2026, as the effective date, pending the resolution of closing matters.
Banxa enables businesses to embed crypto into their platforms, offering payment solutions and regulatory licenses for seamless integration of crypto and fiat. The company has teams in the USA, Europe, and Asia-Pacific.
Zafer Qureshi
Executive Director and Co-Chief Executive Officer
Banxa Holdings Inc.
E: investors@banxa.com
T: +1-888-332-2692
Source: Banxa Holdings Inc.
