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CSE Bulletin: Delist – Data Deposit Box Inc. (DDB)

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Toronto, Ontario–(Newsfile Corp. – le 7 avril/April 2020)

At the request of the company the common shares of Data Deposit Box Inc. (“DDB”) will be delisted at market close on April 7, 2020.

DDB, a global provider of cloud backup and recovery technology, and HostPapa, Inc. (“HostPapa”), a web technology company specializing in web hosting and cloud services for small businesses, have announced that the amalgamation transaction (the “Amalgamation”) allowing DDB to be acquired by HostPapa has closed effective the end of business yesterday. The Amalgamation resulted in DDB amalgamating with a subsidiary of HostPapa, the amalgamated corporation becoming a wholly-owned subsidiary of HostPapa and, as part of the completion of the transaction, DDB shareholders will receive $0.012491639 per share in cash for each DDB share (the “Cash Payment”). The Amalgamation was approved by the DDB shareholders via special resolution at DDB’s annual general and special shareholders meeting (the “AGM”) held last month on March 13th.

Pursuant to the letter of transmittal mailed to DDB shareholders as part of the material in connection with the AGM, registered holders of DDB shares, in order to receive the Cash Payment to which they are entitled, will be required to deposit their share certificate(s) representing DDB shares, together with a duly completed letter of transmittal, with Capital Transfer Agency, the depositary in respect of the Amalgamation. Shareholders whose DDB shares are registered in the name of a broker, dealer, bank, trust company or other nominee should contact their nominee with questions regarding the receipt of their Cash Payment. DDB shareholders who have questions or require other assistance with submitting their DDB shares to the Amalgamation may direct their questions to Capital Transfer Agency by email at [email protected] or by calling 1-416-350-5007 within Canada or toll free at 1-844-499-4482.

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À la demande de la société, les actions ordinaires de Data Deposit Box seront radiées de la cote du marché le 7 avril 2020.

Data Deposit Box Inc. («DDB»), un fournisseur mondial de technologies de sauvegarde et de restauration dans le cloud, et HostPapa, Inc. («HostPapa»), une société de technologie Web spécialisée dans l’hébergement Web et les services cloud pour les petites entreprises, ont annoncé que la transaction de fusion (la «fusion») permettant à DDB d’être acquise par HostPapa a été conclue à la fin de la journée d’hier. La fusion a entraîné la fusion de DDB avec une filiale de HostPapa, la société issue de la fusion devenant une filiale en propriété exclusive de HostPapa et, dans le cadre de la conclusion de la transaction, les actionnaires de DDB recevront 0,012491639 $ par action en espèces pour chaque action de DDB (le « Paiement en espèces”). La fusion a été approuvée par les actionnaires de DDB par résolution spéciale lors de l’assemblée générale annuelle et extraordinaire des actionnaires de DDB (l ’« AGA ») tenue le mois dernier le 13 mars.

Conformément à la lettre d’envoi envoyée aux actionnaires de DDB dans le cadre des documents relatifs à l’AGA, les détenteurs inscrits d’actions DDB, afin de recevoir le paiement en espèces auquel ils ont droit, devront déposer leur certificat d’actions (s ) représentant des actions DDB, accompagnées d’une lettre d’envoi dûment complétée, auprès de Capital Transfer Agency, le dépositaire de la fusion. Les actionnaires dont les actions DDB sont inscrites au nom d’un courtier, d’un courtier, d’une banque, d’une société de fiducie ou d’un autre prête-nom doivent contacter leur prête-nom pour toute question concernant la réception de leur paiement en espèces. Les actionnaires de DDB qui ont des questions ou qui ont besoin d’aide pour soumettre leurs actions DDB à la fusion peuvent adresser leurs questions à Capital Transfer Agency par courriel à [email protected] ou en appelant au 1-416-350-5007 au Canada ou sans frais au 1 -844-499-4482.

Date : Market Close/Clôture du marchés le 7 avril/April 2020
Symbol(s)/Symbole(s) : DDB

If you have any questions or require further information please contact Listings at (416) 367-7340 or E-mail: [email protected]

Pour toute question, pour obtenir de l’information supplémentaire veuillez communiquer avec le service des inscriptions au 416 367-7340 ou par courriel à l’adresse: [email protected]

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Fintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA)

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As we close out 2024, the fintech industry continues to deliver headlines that underscore its dynamism and innovation. From IPO aspirations to groundbreaking regulatory milestones, today’s updates highlight the transformative power of fintech partnerships, regulatory evolution, and disruptive technologies. Here’s what you need to know.

Chime’s Quiet Step Toward Public Markets

Chime, the U.S.-based financial technology startup best known for its digital banking services, has taken a significant step by filing confidential paperwork for an initial public offering (IPO). As one of the most valuable private fintechs in the U.S., Chime’s move could potentially signal a renewed appetite for fintech IPOs in a market that has been cautious following fluctuating valuations across the tech sector.

With a valuation that reportedly exceeded $25 billion in its last funding round, Chime’s IPO could set a new benchmark for the industry. Observers note that its strong customer base and revenue growth may make it an appealing choice for investors seeking to capitalize on the digital banking boom. However, the timing and success of the IPO will depend on broader market conditions and the regulatory landscape.

Source: Bloomberg

ZBD’s Pioneering Achievement: EU MiCA License Approval

ZBD, a fintech company specializing in Bitcoin Lightning network solutions, has made history by becoming the first to secure an EU MiCA (Markets in Crypto-Assets Regulation) license. This landmark approval by the Dutch regulator positions ZBD at the forefront of compliant crypto-fintech operations in Europe.

MiCA, which aims to harmonize the regulatory framework for crypto-assets across the EU, has been a focal point for industry players aiming to establish legitimacy and expand their offerings. ZBD’s achievement not only validates its operational rigor but also sets a precedent for other fintech firms navigating the evolving regulatory landscape.

Industry insiders view this as a strategic advantage for ZBD as it broadens its footprint in Europe. By leveraging its regulatory approval, the company can accelerate its product deployment and establish trust with institutional and retail users alike.

Source: Coindesk, PR Newswire

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The Fintech-Credit Union Synergy: A Blueprint for Innovation

The convergence of fintechs and credit unions continues to reshape the financial services ecosystem. Collaborative initiatives, such as the one highlighted in the recent partnership between fintech innovators and credit unions, are proving to be a potent force in delivering tailored financial solutions.

This “dream team” approach allows credit unions to leverage fintech’s technological expertise while maintaining their community-focused ethos. Key areas of collaboration include digital payments, personalized financial management tools, and enhanced loan processing capabilities. These partnerships not only enhance member engagement but also enable credit unions to remain competitive in an increasingly digital-first financial environment.

Industry analysts emphasize that such collaborations underscore a broader trend of traditional financial institutions embracing fintech-driven solutions to bridge service gaps and foster innovation.

Source: PYMNTS

Tackling Student Loan Debt: A Fintech’s Mission

Student loan debt remains a pressing issue for millions of Americans, and a Rochester-based fintech aims to offer relief through its cloud-based platform. This innovative solution is designed to simplify loan management and provide borrowers with actionable insights to reduce their debt burden.

The platform’s features include repayment optimization tools, personalized financial education, and seamless integration with loan servicers. By addressing the complexities of student loan management, this fintech is empowering borrowers to make informed decisions and achieve financial stability.

As the student loan crisis continues to evolve, solutions like this highlight the critical role fintech can play in addressing systemic financial challenges while fostering financial literacy and inclusion.

Source: RBJ

Industry Implications and Takeaways

Today’s updates underscore several key themes shaping the fintech landscape:

  1. Regulatory Milestones: ZBD’s MiCA license approval exemplifies the importance of regulatory compliance in unlocking growth opportunities.
  2. Strategic Partnerships: The collaboration between fintechs and credit unions demonstrates the value of combining technological innovation with traditional financial models to drive customer-centric solutions.
  3. Market Opportunities: Chime’s IPO move reflects a potential revival in fintech public offerings, signaling confidence in the sector’s long-term prospects.
  4. Social Impact: Fintech’s ability to tackle systemic issues, such as student loan debt, showcases its role as a force for positive change.

 

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SPAYZ.io prepares for iFX EXPO Dubai 2025

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Leading global payments platform SPAYZ.io has confirmed it will be attending iFX EXPO Dubai 2025 on 14 to 16 January. Exhibiting at Stand 64 at Trade Centre Dubai, SPAYZ.io’s team of professionals will be on hand providing live demonstrations of its renowned payment services for payment providers. Attendees will also receive exclusive insight into SPAYZ.io’s plans for 2025 alongside early early access to its upcoming plans for the new year.

SPAYZ.io delivers a host of payment solutions that leverage the latest technological innovations and open access to the fastest growing emerging markets across Africa, Europe and Asia. Over the past year, there has been huge demand for its Open Banking and local payment method services, alongside bank transfers, mass payouts, online banking and e-wallets.

Yana Thakurta, Head of Business Development at SPAYZ.io commented: “We look forward to once again participating at iFX Dubai to expand our network of partners and clients. It’s a fantastic way to kick off the year, connecting with thousands of industry leaders from FOREX platforms to trading companies, and everything in between.

“Our key goal for iFX Dubai EXPO 2025 is to expand our portfolio of solutions and geographies. We’re using this as an opportunity to partner with like-minded entities who share our ambition to provide payment solutions that are truly global.”

Come meet SPAYZ.io’s team at the Trade Centre Dubai at Stand 64. You can also book a meeting slot with a member of a team.

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Airtm Enhances Its Board of Directors with Two Strategic Appointments

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Airtm, the most connected digital dollar account in the world, is proud to announce the addition of two distinguished industry leaders to its Board of Directors: Rafael de la Vega, Global SVP of Partnerships at Auctane, and Shivani Siroya, CEO & Founder of Tala. These appointments reflect Airtm’s commitment to innovation and financial inclusion as the company enters its next phase of growth.

“We are thrilled to welcome Rafael and Shivani to Airtm’s Board of Directors,” said Ruben Galindo Steckel, Co-founder and CEO of Airtm. “Their unique perspectives and proven track records will be invaluable as we continue scaling our platform to empower individuals and businesses in emerging markets. Together, we’ll push the boundaries of financial inclusion and innovation to create a more connected and equitable global economy. Rafael and Shivani bring a wealth of experience and strategic insight that will strengthen Airtm’s mission to connect emerging economies with the global market.”

Rafael de la Vega, a seasoned leader in fintech global partnerships and technology innovation, is currently the Global SVP of Partnerships at Auctane. With a proven track record of delivering scalable, impactful solutions at the intersection of fintech, innovation, and commerce, Rafael’s expertise will be pivotal as Airtm continues to grow. “Airtm has built a platform that breaks down barriers and opens up opportunities for people in emerging economies to connect to global markets. I am excited to contribute to its growth and help further its mission of fostering financial inclusion on a global scale,” said Rafael.

Shivani Siroya, CEO and Founder of Tala, is a pioneer in financial technology, renowned for empowering underserved communities through access to credit and essential financial tools. Her leadership in leveraging data-driven innovation aligns seamlessly with Airtm’s vision of creating more equitable financial opportunities. “Empowering underserved communities has always been at the core of my work, and Airtm’s mission resonates deeply with me. I’m thrilled to join the Board and work alongside such a dynamic team to expand access to financial tools that truly make a difference in people’s lives,” said Shivani.

The post Airtm Enhances Its Board of Directors with Two Strategic Appointments appeared first on News, Events, Advertising Options.

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