Selfwealth has received a non-binding indicative proposal from AxiCorp Financial Services, as the latter aims to acquire 100% of the shares for USD 0.23 cash per share. Following this announcement, Selfweath has received a non-binding indicative proposal from AxiCorp Financial Services to acquire 100% of the shares for USD 0.23 cash per share.

This follows a non-binding indicative proposal that was received from Bell Financial Group on 13 November 2024, to acquire 100% of the shares in Selfwealth for USD 0.22 cash per share. The process valued the company at USD 51 million on a 100% equity basis, as well as an 83% premium to the last close share price of USD 0.120. More information on the AxiCord Financial Services acquisition bid AxiCorp Financial Services represents a privately owned global online brokerage firm focused on forex trading.

At the moment, the company represents a subject to customary conditions, including no material adverse change to the Selfwealth business and a unanimous recommendation by the Selfwealth board for the shareholders to vote in favor of the proposal. At the same time, officials of AxiCorp Financial Services have indicated that the company is prepared to negotiate and sign a binding implementation deed in an expedited manner. The Axi Proposal is not subject to due diligence or any financing conditions.

Furthermore, the Selfwealth board has advised shareholders that they do not need to take any action in relation to the Bell Proposal or the Axi Proposal for now, as there is currently no certainty that either proposal will result in a binding transaction. Source: Link .