The INX Digital Company, Inc. announced that it has entered into a purchase agreement with new investor Republic Core LLC for gross proceeds of $5.25 million on June 19, 2023. The company will issue common shares in the transaction. The investor will own approximately 9.5% stake in the company post closing the transaction.

The company will raise the funding at a pre-money valuation of $50 million. The closing of the transaction is expected to take place within 60 days, subject to regulatory approvals.