- AnalytixInsight (OTC: ATIXF) revises its reverse takeover agreement with Polymath Research Inc., adjusting warrant conversion ratios to 6.25427 common shares.
- The annual general meeting has been rescheduled to September 29, 2025, with the transaction completion targeted for October 31, 2025, pending approvals.
- Polymath secures strategic partnerships with BitGo, Zodia Custody, and GK8, enhancing its blockchain infrastructure capabilities.
AnalytixInsight Inc. (OTC: ATIXF) has announced modifications to its reverse takeover deal with Polymath Research Inc. One significant change is the alteration of warrant conversion ratios. Now, each Polymath warrant will convert into 6.25427 common shares of the resulting issuer, following transaction completion. This development is part of an amended agreement initially established on March 3, 2025.
The annual general meeting of AnalytixInsight, initially slated for August 25, 2025, has been postponed to September 29, 2025. This delay aligns with the anticipated completion of related transactions, which are targeted by October 31, 2025. Completion is contingent on regulatory and shareholder approvals, including acceptance by the TSX Venture Exchange (TSXV).
Part of the transaction involves concurrent financing where each subscription receipt will convert into 0.15989 Polymath shares and 0.07995 warrants. Each warrant entitles the holder to purchase a Polymath share at a specified price for up to 60 months post-issuance. Upon transaction completion, these shares and warrants will be exchanged for securities of the resulting issuer under the revised conversion ratio.
Additionally, Polymath has completed the acquisition of key assets from Polymesh Switzerland, which includes POLYX tokens. This acquisition fortifies Polymath's position in managing the Polymesh blockchain and expanding its ecosystem. Moreover, Polymath has formed strategic alliances with BitGo, Zodia Custody, and GK8, aiming to strengthen its blockchain infrastructure and tokenization capabilities.
