Capexco Inc. entered into a letter of intent to acquire Arkadia Capital Corp. in a reverse merger transaction on December 15, 2015. The deal is subject to the satisfaction of a number of conditions precedent, including the execution of definitive documentation, the approval of stock exchange and shareholder approval. The deal is expected to close on January 14, 2016. On December 23, 2015, the expected closing is postponed to March 16, 2016. If Arkadia does not complete the transaction by March 16, 2016, then Arkadia's shares will be transferred to NEX, a separate board of the Exchange. As of April 27, 2016, the expected closing is postponed to June 2, 2016. Capexco Inc. cancelled the acquisition of Arkadia Capital Corp. in a reverse merger transaction on November 4, 2016. Effective on November 7, 2016, Arkadia's shares will be transferred to NEX.