10:06 AM EST, 02/04/2025 (MT Newswires) -- Exodus Movement , a self-custodial cryptocurrency platform, on Tuesday submitted a proposal for to buy all of the issued and outstanding common shares of Banxa Holdings ( BNXAF ) , a financial technology platform specializing in digital asset on-and-off ramp solutions, pushing BNXA's shares up 17% and to fresh 52 week highs.

Banxa ( BNXAF )' board has unanimously determined that the Exodus offer constitutes a "Superior Proposal" under the terms of the arrangement agreement between Banxa ( BNXAF ) and 1493819 B.C.

1493819 now has the right, until 5:00 p.m. (Vancouver time) on Feb. 10, to propose to amend the terms of the arrangement agreement in order to make the Exodus offer no longer a "Superior Proposal."

Exodus has offered to buy all of the issued and outstanding common shares of Banxa ( BNXAF ) for consideration per Banxa Share comprised of $1.10 in cash and 0.0079 of class A common stock of Exodus shares.

Shares of Banxa ( BNXAF ) were last seen up $0.22 at $1.45 in early morning trade on the TSX Venture Exchange. They have hit $1.55.

Price: 1.45, Change: +0.22, Percent Change: +17.89