8i Enterprises Acquisition Corp. (NASDAQ: JFK) (“JFK” or “8i”), a special purpose acquisition company, today announced that it has entered into a definitive share exchange agreement with Diginex Limited (“Diginex” or the “Company”), a global blockchain financial services and technology company headquartered in Hong Kong. Upon completion of the transaction, Diginex is anticipated to have an initial enterprise value of approximately $276 million.
Headquartered in Hong Kong with a presence in Tokyo, London, Boston, Dubai, Lausanne and Berlin, Diginex provides an ecosystem to enable the broader adoption of digital assets across financial markets through three interlocking pillars: (i) Advisory – capital markets origination and distribution of securities via digital assets; and broader blockchain solutions for corporate and financial industry institutions, as well as governments (ii) Markets – a full infrastructure for digital assets exchange trading and custody, and (iii) Asset Management – providing an accessible and credible on-ramp into digital assets for institutional allocators of capital. In furtherance of its focus on global collaboration, Diginex is developing partnerships with institutional investors, corporations, and governments to improve the efficiency and security of business processes while driving institutional adoption of blockchain technologies and the regulated use of digital assets.
James Tan, Chairman and Chief Executive Officer of JFK, commented, “The execution of the share exchange with Diginex comes as the need for increased regulation, transparency, and traceability around the growing use of digital assets has never been greater. After a thorough review of multiple opportunities in this industry, we have determined Diginex is the trusted operator of choice with the advanced technology infrastructure necessary to meet the standards of institutional investors and partners. With their thoughtful ecosystem approach, we believe Diginex is well-positioned to continue unlocking opportunities and driving institutional adoption of blockchain technologies.”
Richard Byworth, Chief Executive Officer at Diginex, said, “Diginex has been built to provide the financial services infrastructure required to take digital assets and blockchain technology to the next level of adoption by institutional investors and corporations globally. We believe that this exciting transaction will enhance our broader market visibility as we further roll out our global platform including our exchange infrastructure, product offering, licenses and market expansion into key geographies around the world.”
Miles Pelham, Chairman of Diginex, added, “Upon the completion of this transaction, as a publicly-listed Nasdaq company, Diginex will continue to pursue its vision of leveraging blockchain technology for both social good and the disruption of financial intermediaries. Our seasoned and diverse team of financial service professionals, compliance experts, and technologists, are dedicated to regulatory compliance and transparency, standards which are essential to furthering our goal of growing the global propagation of digital assets.”
 Assuming no redemption from the trust, excluding earn out shares.
Under the terms of the agreement, JFK will acquire Diginex, with JFK continuing as the listed company on the Nasdaq Capital Market. Upon closing, JFK will change its name to “Diginex Limited”. At the effective time of the share exchange, Diginex’s shareholders will receive 20 million ordinary shares of JFK, valued at $10.00 per share, of which two million ordinary shares will be held in escrow for 12 months after closing of the transaction to satisfy potential indemnification claims under the terms of the agreement. In addition, Diginex shareholders will be entitled to receive earn-out consideration of an additional five million JFK ordinary shares, subject to Diginex achieving share price thresholds of $15, $20, and $30 over the next three years as set forth in the agreement. All options held by Diginex option holders under its current employee share option plan, whether vested or unvested, will automatically be cancelled as of the closing of the transaction and in exchange for the cancelled options and upon payment of the exercise price of the options, the option holders will receive 4.2 million ordinary shares of JFK, in the aggregate, which will be subject to lock-up agreements for a period of fifteen (15) months following closing of the transaction, and shall be released in three (3) equal installments over a period of six (6) months following the expiration of such lock-up period.
The Board of directors of JFK at closing will consist of seven directors, to be designated by the Diginex shareholders.
The closing conditions include, among others, the approval of the transaction as a whole by JFK’s existing shareholders and the aggregate dollar amount of the redemptions does not cause the balance of JFK’s trust account (less any fees and costs relating the transaction) to be an amount less than $5,000,001.
Chardan is acting as a financial advisor to JFK, and Loeb and Loeb LLP is acting as legal counsel to JFK. Winston & Strawn LLP is acting as legal counsel to Diginex.
The description of the transaction contained herein is only a summary and is qualified in its entirety by reference to the definitive agreement relating to the transaction, a copy of which will be filed by JFK with the SEC as an exhibit to a Current Report on Form 8-K.
SOURCE 8i Enterprises Acquisition Corp.
YAO Network: The Blockchain Paradise Developers Have Been Waiting For
Permissioned blockchain? Private blockchain? Public blockchain? Fret not for YAO Network accepts them all. YAO Network is a cloud service paradise for new blockchain projects looking for a community to nestle in and make their homes there. By integrating cloud computation with decentralized computation, the YAO Network is able to support computation eco-platforms of multiple blockchain networks, maximizing the utility of all participants while helping projects to achieve their technological targets and generate value.
The YAO Network was built for a vision: to benefit developers and to help enterprises achieve much more, freeing the successes of blockchain technologies for all to enjoy. This vision grounds the design of YAO Network’s architecture as the platform seeks to establish a comprehensive service and utility computation platform where Pareto optimality is achieved amongst developers, enterprises, and overall public utility.
Like many other blockchain platforms out there, technology remains a key factor in determining a platform’s functionality. The YAO Network certainly has a strong pillar of support in its robust technical infrastructure to achieve its goals.
1. YAO Network integrates multiple computation paradigms in utility computation.
The YAO Network platform effectively combines three computational paradigms, cloud computing, decentralized computing and encrypted computing, to meet the demands of different applications and create maximum computation utility.
Cloud computation has been gaining massive popularity as a computational model in many enterprises and the public. The advantages of cloud computation are numerous. It saves cost for enterprises, developers and the public while offering flexible workload deployments, which enhances the overall utility of both individuals and society.
Recognizing the advantages of cloud computation, the YAO Network platform makes cloud computing the only carrier of all service and computation units in the blockchain. Cloud computing is not only utilized for deployments and encrypted computation of centralized applications, but also widely applied in decentralized blockchain networks.
2. YAO Network standardizes decentralized and centralized computation units based on cloud computation.
Different computation units have been designed for various types of applications to promote the usage of blockchains in the public domain. YaoLet is the solution designed by the YAO Network for decentralized applications, while BuildPack is its equivalent for centralized applications designed based on PaaS. The entire architecture is rested on these two solutions alongside other services. As YaoLet and BuildPack are both multiplexed; developers and service providers can participate in the sharing of YaoLet and BuildPack and reap the rewards through corresponding YAO Network reward system.
3. YAO Network allows softwares to define blockchain through topological orchestration and virtualization.
Most computations are no longer an isolated and individual computation unit; they have complex interconnections that are unified by a topological structure. This combination of computational units is achieved through topological orchestration.
On one hand, new services and components can be combined and orchestrated by existing computation units. On the other hand, various infranets in blockchains can also be orchestrated to establish corresponding nodes and services. Most blockchain architectures like YAO Network take on a modularized approach where interledger general blockchain protocols are made viable through plugging and unplugging every component and service as well as modularizing operations. The blockchain network becomes the virtual superposition of peer-to-peer networks, making it possible to define new blockchain network models and service models through virtual and abstract orchestrations.
4. YAO Network supports multiple blockchain network architectures and paradigms including public blockchains, permissioned blockchains and private blockchains.
The blockchain network within YAO Network supports three types of blockchains, namely public blockchain, permissioned blockchain and private blockchain. They can be broken down into shared and exclusive nodes based on the extent of its isolation. Enterprises and developers can build on shared blockchains or create their own exclusive blockchains on the YAO Network platform. Another alternative would be to classify the blockchain network based on its testnet and mainnet, and their applications.
5. YAO Network maximizes utility of developers, enterprises and the general public.
YAO Network is a one-stop blockchain service platform for blockchain service consumers, developers and enterprises to share innovations both in public and private. One of the biggest hurdles blockchain has yet to overcome is its low adoption rate and thus the YAO Network has provided blockchain PaaS services for developers to utilise and a platform where they can release their blockchain products directly to blockchain service providers. This forms a healthy supply and demand ecosystem as iterations of blockchain products are incubated or eliminated based on practicality and impact. Those that are proven viable will unite and form a larger blockchain ecosystem and platform.
Developers even earn the chance to make some profits through the YAO Network. The network rewards developers when their creations are utilised by others. In addition, the YAO Network has three specific function modules in terms of product modality: blockchain marketplace, enterprise aggregation and solutions, and developer community. This forms a trinity that works together to serve both developers and enterprises. Driven by supply, YAO Network solves the scarcity of blockchain comprehensive services by connecting and bridging between developers and enterprises, in order to establish a healthy and organic ecosystem where all participants have maximum utility within the system.
6. YAO Network has high inclusivity in the system.
A well-designed architecture should have open interfaces. Every layer delivers its own functions, and is connected to each other through the same cross layer interface. The YAO Network system is designed based on important principles including openness, security, technology neutrality, verifiability in the future, interoperability, scalability, modularization, manageability and dependability, to achieve inclusivity in the system.
YAO Network embraces existing and future blockchain applications and is committed to establishing a comprehensive computation platform with multiple blockchains, multiple computational paradigms and integrated utilities.
SOURCE YAO Network
Florida Realtors® 2019 Convention & Trade Expo Offers Success Strategies, Tips to Boost Business
Success strategies from top industry leaders, the latest in high-tech devices and a chance to network with other real estate professionals: That’s what the Florida Realtors® 2019 Convention & Trade Expo offers – opportunities to boost business and the bottom line.
This year’s Convention & Trade Expo takes place Aug. 21-22, 2019, at the Rosen Shingle Creek resort in Orlando, with the popular REBarCamp slated to kick off the event on Tuesday, Aug. 20. Then Realtor members will get down to the business of the state association and wrap up the week with governance meetings, Aug. 23-25, 2019.
“Florida Realtors 2019 Convention and Trade Expo is the one business event this year that every Realtor should attend,” says 2019 Florida Realtors President Eric Sain, a Realtor and district sales manager with Illustrated Properties in Palm Beach. “Over the course of just two days, Realtors have the chance to learn successful business strategies from top industry leaders, get new marketing tips, hear inspirational speakers offer advice from the trenches, network with colleagues and enjoy exciting entertainment. Florida Realtors’ annual convention provides outstanding value to anyone interested in the latest trends, technology and best practices. I’ll be there – will you?”
The 2019 convention features more than 40 education sessions from top industry speakers on various topics such as new trends in real estate, disaster recovery planning, Florida’s water crisis, how to make the most of the home-share trend, video marketing, Florida’s evolving cannabis laws, best practices for brokers and much more.
- REBarCamp: Aug. 20, 9:30 a.m. – 5:30 p.m.; registration sign-in starts at 8:30 a.m.
This year marks the 10th year for the event’s peer-to-peer learning and sharing. However, industry powerhouses are on tap to facilitate sessions, including: Sean Carpenter, Jay Thompson, Nick Baldwin and Tristan Ahumada with Lab Coat Agents to name a few. More than 500 Realtors attended last year’s REBarCamp. Cost for day, which includes lunch and the After Party, is $15. Register through Eventbrite to guarantee a ticket.
- General Session Keynote: Aug. 21, 1:30 – 2:30 p.m.
Songwriter and Grammy-nominated Top 40 singer John Ondrasik, also known as Five for Fighting, brings home his message of “Harnessing Inspiration and Creativity to Design the World You Want” on piano and guitar. One complimentary ticket is included with full convention registration. One additional ticket can be purchased by full convention attendees for $30.
- Dance Party with “Party on the Moon”: Aug. 21, 8 – 11 p.m.
Returning for the 5th year in a row, American’s No. 1 Party Band, Party on the Moon delivers a high-energy evening of the latest dance music, ’80s classic rock, Latin, disco/funk, R&B and Motown. This 13-piece band – with singers, musicians and dancers – has performed worldwide. One complimentary ticket for the party is included with full convention registration. Additional tickets can be purchased by any attendee for $30.
- Awards Luncheon, featuring entertainment by the Funkywunks: Aug. 22, noon – 1:30 p.m.
Florida Realtors honors Realtor excellence and service at this ticketed event, including recognizing the Humanitarian of the Year and Realtor of the Year and other award winners. Orlando dance troupe the Funkywunks was a contender on the World of Dance TV show in 2018, making it to the third week of the duels. Judges praised their high-energy, funky and entertaining routines, specifically noting the group’s commitment and innovative choreography. Tickets for the Awards Luncheon are $50 and will be sold until noon on Aug. 22, or as long as they’re available.
- Closing Session Keynote with Ryan Serhant: Aug. 22, 4 – 5p.m.
Learn Serhant’s professional secrets, as the super sales broker and Bravo TV star tells his rags-to-riches story: “The Four W’s: How identifying Your Way, Work, Wall & Win Leads to Success.” One complimentary ticket is included with full convention registration. One additional ticket can be purchased by full convention attendees for $30.
- The Trade Expo, Aug. 21, 9 a.m. – 6 p.m., and Aug. 22, 8:30 a.m. – 4 pm.
The expo features more than 200 industry experts and exhibitors showcasing the latest marketing and technology products. Attendance to the Trade Expo (Expo only admittance) is free!
Some of the sponsors for the 2019 convention include: Title Sponsor, BoomTown!; Titanium Association Sponsors, RAPB +GFLR, (Realtors Association of the Palm Beaches and Greater Fort Lauderdale Realtors) and Miami Realtors; Titanium Sponsors, Northeast Florida Association of Realtors, RealtyWEB.net, Metro Market Trends and Stellar MLS; Diamond Association Partner, Orlando Regional Realtor Association; Ruby Association Partner Sponsor, Royal Palm Coast Realtor Association; Gold Partners, Century 21 and realtor.com; Sapphire Association Partner Sponsor, Naples Area Board of Realtors; Vehicle Sponsor, FCA – Fiat Chrysler Automobiles; Emerald Association Partner, Greater Tampa Realtors and Realtor Association of Sarasota and Manatee; Popcorn Sponsor, Form Simplicity; Registration Bag Sponsor, Florida Realtors PAC; Notepad Sponsor, Find a Mortgage Broker.com; Interactive Wall Sponsor, wizehire; General Sponsors, American Home Shield, America’s Title Corp., gte financial, Realtors Association of Citrus County, Dot Loop, HomeSnap, HomeTeam Inspection Service, Freedomtax International, Loan Genuis, NARPM, Supreme Title and Escrow and Tenantreports.com.
Register online through Aug. 12 for the Florida Realtors convention or by calling 1-800-669-4327. The full event registration fee for members is $150 through July 19 and $160 from July 20 – Aug. 12, 2019. The cost is $175 for non-members through July 19 and $185 from July 20 – Aug. 12. After Aug. 12, registration will be handled at the convention site. For more info, check out http://convention.floridarealtors.org/.
Florida Realtors® serves as the voice for real estate in Florida. It provides programs, services, continuing education, research and legislative representation to its more than 187,000 members in 52 boards/associations. Florida Realtors® Media Center website is available at http://media.floridarealtors.org.
SOURCE Florida Realtors
Knowmatix: An Online Educational Platform for the Cryptocurrency Industry
Knowmatix is an online, in-depth educational platform providing the fundamentals and practical skills necessary to become successful in the Blockchain, Cryptocurrency industry from the comfort of your own home.
By applying our easy to understand, proven methods and applications, it is now easier than ever to successfully become a knowledgeable leader in blockchain technologies industry through our online accelerated educational program. Our comprehensive introductory program provides a fundamental understanding of how various blockchains operate and how easy it is to strategically trade cryptocurrency in today’s centralized economy.
Our founder and curriculum developer, Abdulaziz AlYaqout, is currently operating in Miami Beach, Florida. Prior to forming Knowmatix, Mr. AlYaqout took lead as an important consultant for the business analyst team at Ryder Systems, Inc. and the University of Miami Hospital and Clinics. He holds BS Degree and MS in Industrial Engineering, both from the University of Miami.
As lead instructor for Knowmatix, Mr. AlYaqout’s first course is a blockchain and digital currency microdegree that provides you the basic tools to start and advance your professional career in the cryptocurrency.
Learn the technical analysis basics and terminology and develop buying strategies and skills to grow your personal finances. Learn how to deconstruct the blockchain technology, and the importance of Hashing. Discover Bitcoin and understand its history and role in the cryptocurrency marketplace.
Knowmatix, seeks to create a Knowmatix Impact Program (KIP) that forms strategic alliances with reputable businesses operating in the Blockchain industry. This involves Knowmatix assigning project managers to given projects, and delegating work per project basis to qualified star students. While forming alliances with businesses, Knowmatix will align itself with schools and institutions to provide a custom backend solutions curriculum to help revamp their online courses. This effort provides colleges and institutions cost saving measures by offering its platform in a software program, which acts as an additional resource to aid students with completing their education, and securing a career through Knowmatix alliances and partners in the ever growing technology field, nationwide.
With Knowmatix’ proprietary platform and blockchain-focused training services, Mr. AlYaqout ventures to be part of the governmental effort to Buy American and Hire American with special interest for advancing the careers of woman and Veteran groups nationwide to team up with Knowmatix.
For additional information and preview of our proprietary educational curriculum, please visit our website at www.knowmatix.com.
What You Will Learn
- Cryptocurrency terminology
- Deconstructing blockchain technology
- Understanding Hashing
- Digital Currency and its Future
- Bitcoins role and history
- Currency wallets
- Crypto Research tools
- Buying strategies
- Digital Asset Classifications
- Blockchain Analysis Basics
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