Two largest brokers FXDD and IronFX seem to be talking about possible merger, and become “Nukkleus”
The 8-k has been filed by the company called Nukkleus Inc on 22nd of May, 2016.
You can view the official announcement from the official website of US Securities and Exchange Commission (SEC).
And according to the document, Nukkleus, IBIH Limited, a BVI corporation (“IBIH”) and the shareholders of IBIH (the “IBIH Shareholders”) entered into a Stock Purchase Agreement (or so called “Iron Purchase Agreement”).
So this new company called “Nukkleus Inc” is going to be made by the acquisition of the Cyprus Online Forex Broker “IronFX” and “FXDD” in Malta.
This article is about the possible acquisition as follows:
IronFX + FXDD = Nukkleus (which is going to be listed on NASDAQ)
According our source, both side of the employees are taking this merger positively and looking to grow as a Mega broker before the end of the year.
What is this “8-k form”?
An “8-K form” is a report of unscheduled corporate changes at a company that could be an important News for its shareholders.
In many cases, this “8-k form” is about reporting to shareholders the acquisitions and mergers, and other important company transitions.
So this time, this “8-k form” explains about the currenct process and situation of the acquisition of IronFX Global(subsidiary of IBIH Limited) and IronFX in Australia(GVS AU Pty Ltd) from Nukkleus(subsidiary of which also owns FXDD), which firstly reported on 3rd of June.
Also, Currently, Nukkleus is required to enter an option agreement with “FXDD Malta Limited” and “FXDD Trading Limited” providing that Nukkleus may acquire 100% of both entities for a purchase price of $1.00 subject to regulatory approval.
To summarize the situation a little bit, Nukkleus is going to:
- enter an option agreement with “FXDD Malta Limited” & “FXDD Trading Limited”
- acquire IronFX Global(subsidiary of IBIH Limited) and IronFX in Australia(GVS AU Pty Ltd)
According to our source, this whole acquisition will probably be completed by the end of this year.
What about the “IronFX”?
IronFX Global Limited, is an wholly owned subsidiary of IBIH Limited & Iron Australia has 100% ownership in GVS (AU) Pty Ltd which was incorporated on April, 2010.
Now that this new company “Nukkleus” already owns 9.9%(2,200 shares) of the issued and outstanding capital stock of its brand “IronFX Global (IBIH Limited)” and 100% of the issued and outstanding securities of another brand “IronFX Australia (GVS Limited)”, IronFX is ready to be going through the acquisition.
This will probably have a huge positive impact on IronFX side especially on financial aspect.
“IronFX”, who has been tagged as a “SCAM” broker on some FX related websites, will technically be renewed.