Canadian Buyer Completes NSX Takeover, Shares Delisted from ASX
NSX Limited has been fully acquired by a Canadian entity, leading to the suspension and imminent delisting of its shares from the ASX. A new non-executive director has been nominated as part of the transition.
- 100% acquisition of NSX by 1001290557 Ontario Inc., linked to CNSX Markets Inc.
- Shareholders receive $0.04 per fully paid share and $0.0004 per partly paid share
- Trading suspended on 15 October 2025; delisting effective 27 October 2025
- Richard Carelton nominated as new non-executive director pending approvals
Acquisition Finalised
NSX Limited has officially completed its scheme of arrangement, resulting in the full acquisition of the company by 1001290557 Ontario Inc., a related corporate entity of CNSX Markets Inc., the Canadian securities exchange operator. This marks a significant cross-border consolidation in the market operator sector, with the Canadian group now holding 100% ownership of NSX.
Shareholder Compensation and Delisting
Eligible NSX shareholders as of the record date, 17 October 2025, have been or will soon be compensated with a payment of $0.04 for each fully paid ordinary share and $0.0004 for each partly paid share. This payment reflects the agreed terms of the acquisition. Trading in NSX shares was suspended on 15 October 2025, and the company has confirmed its intention to apply for removal from the ASX official list effective 27 October 2025, marking the end of NSX’s public trading era on the Australian exchange.
Board Changes Signal New Direction
Alongside the acquisition, NSX announced the nomination of Richard Carelton as a non-executive director, subject to regulatory approvals. This appointment suggests a strategic alignment with the new ownership and potentially signals forthcoming shifts in governance and operational oversight as NSX integrates with its Canadian parent.
Looking Ahead
While the acquisition and delisting are now complete, many questions remain about NSX’s future role and strategy under CNSX Markets Inc.’s stewardship. Shareholders and market observers will be watching closely for updates on how the exchange’s operations will evolve and what this means for the broader Australian financial services landscape.
Bottom Line?
NSX’s transition to Canadian ownership closes a chapter on its ASX listing but opens a new one in cross-border market operations.
Questions in the middle?
- What strategic changes will CNSX Markets Inc. implement at NSX post-acquisition?
- How will the delisting affect liquidity and market access for former NSX shareholders?
- When will regulatory approvals for the new board appointment be finalised?
