- NSX Limited (NSX) capped off its first quarter of FY22 with more cash in the bank and plans to potentially open another stock exchange in Saudi Arabia
- The owner of the National Stock Exchange of Australia began discussions with Ajlan & Bros Holding Group to open a second securities exchange in the country
- NSX began the quarter by finishing off a previously announced $3.5 million capital raise, before receiving $1.4 million in customer receipts relating to annual payments
- The financial stock ended Q1 with $4.6 million in the bank, having spent $522,000 on operating expenses during the period
- NSX shares opened Friday trading at 10.3 cents per share
NSX Limited (NSX) capped off its first quarter of FY22 with more cash in the bank and plans to potentially open another stock exchange in Saudi Arabia.
The owner of the National Stock Exchange of Australia began discussions with Ajlan & Bros Holding Group to open a second securities exchange in the country in August.
The two parties signed a Memorandum of Understanding and NSX said it has continued working on the business plan since the initial meeting.
If a market licence can be obtained, the Australian business stated it would move to a
joint venture arrangement.
In term of other activities, NSX completed issuing the second tranche of shares under a previously announced $3.5 million capital raise.
The company’s stock exchange also received $1.4 million in customer receipts relating to annual payments during the September period.
The ASX alternative also approved three new nominated adviser participants, with four others potentially set to be approved this quarter.
The financial stock ended Q1 with $4.6 million in the bank, having spent $522,000 on operating expenses during the period.
NSX shares opened Friday trading at 10.3 cents per share.