Finexity Signs Non-Binding LOI for OneCrowd Issuances and Users

Finexity signed a non-binding letter of intent to take over administration of about 70 OneCrowd-serviced issuances, representing €33.6 million subscribed and about €0.3 million in annual fees, and migrate about 101,000 users. The deal depends on definitive agreements and issuer and user consents; Finexity would assume no OneCrowd liabilities.