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Abaxx Announces Closing of US$22 Million Strategic Financing
Abaxx raised US$22 million in a non-brokered private placement to support its exchange operations, pilot programs, regulatory compliance, and market expansion efforts.
- On Oct. 20, 2025, Abaxx Technologies Inc. closed a non-brokered private placement with a strategic investor, raising US$22 million.
- The company said the funds will be used for general corporate and working capital purposes, supporting Abaxx Exchange and Abaxx Clearing operations, pilot programs, and accelerating go-to-market hiring.
- The financing involved 1,000,000 Units issued at US$22.00 per Unit, each containing one Share and half a Warrant with US$25.00 exercise price until April 20, 2028, including anti-dilution and a C$0.01 call provision.
- The deal remains subject to Cboe Canada approval, with all securities facing a four month hold period and U.S. resale restrictions under the U.S. Securities Act.
- Abaxx positions itself as a provider of market infrastructure for the energy transition, delivering futures in LNG, carbon, battery materials, and precious metals via Abaxx Exchange.
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Abaxx Announces Closing of US$22 Million Strategic Financing
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ TORONTO, Oct. 20, 2025 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (CBOE:ABXX) ("Abaxx" or the "Company"), a financial software and market infrastructure company, majority shareholder of Abaxx Singapore Pte Ltd., the owner of Abaxx Commodity Exchange and Clearinghouse (individually, "Abaxx Exchange" and "Abaxx Clearing"), and producer of the Smart…
·New York, United States
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Total News Sources15
Leaning Left11Leaning Right2Center2Last UpdatedBias Distribution74% Left
Bias Distribution
- 74% of the sources lean Left
74% Left
L 74%
13%
13%
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