Abaxx Announces $30.7 Million Strategic Financing

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TORONTO, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (CBOE:ABXX) (“Abaxx” or the “Company”), a financial software and market infrastructure company, majority shareholder of Abaxx Singapore Pte Ltd., the owner of Abaxx Commodity Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), and producer of the SmarterMarkets Podcast, is pleased to announce today it has entered into a binding term sheet to complete a non-brokered private placement financing (the “Financing”) with a strategic investor. The Financing will consist of the issuance of 1,000,000 units (the “Units”) of the Company at a price of USD$22.00 per Unit for aggregate gross proceeds of CAD$30.7 million.

Each Unit will consist of one common share in the capital of the Company (a “Share”) and one half of one Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder to purchase an additional Share at an exercise price of USD$25.00 for a term of thirty months. Additionally, the Warrants will include a call provision allowing the Company to redeem each Warrant at a price of USD$0.01 per Warrant upon 30 days’ notice, in the event that the value-weighted average price of the Shares exceeds USD$30.00 for a period of 20 consecutive trading days.

The proceeds of the Financing are expected to be used for general corporate and working capital purposes, including funding ongoing Abaxx Exchange and Clearing operations and additional product listings; Abaxx Private Digital Title technology pilot programs and accelerating new hires and go-to-market execution, and reserve capital for Abaxx Exchange and Abaxx Clearing.

The closing of the Financing is expected to occur on or around October 15, 2025 and is subject to the completion of formal documentation and receipt of all applicable regulatory approvals, including the approval of Cboe Canada.

"This strategic financing comes at a transformational period for Abaxx, marked by the successful ramp-up of trading volumes on our exchange and the validation of our technology vision. The market is beginning to appreciate the long-term value potential of our two distinct, mutually reinforcing businesses," said Josh Crumb, CEO of Abaxx. "This investment is a vote of confidence in our strategy, providing the funds to accelerate hiring, expand our futures product listings, and speed up network onboarding."