UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16
Under the Securities Exchange Act of 1934
For the Month of May 2024
333-233363
(Commission File Number)
INX LIMITED
(Exact name of Registrant as specified in its charter)
Unit 1.02, 1st Floor
6 Bayside Road
Gibraltar, GX11 1AA
Tel: +350 200 79000
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Departure of Chief Financial Officer and Appointment of Chief Financial Officer
On May 1, 2024, INX Limited (the “Company”) reached a mutually agreed decision with its Chief Financial Officer, Ms. Renata Szkoda, that Ms. Szkoda will be leaving the Company effective May 31, 2024. The termination of Ms. Szkoda was not the result of any dispute or disagreement with the Company or its Board of Directors on any matter relating to the Company’s operations, policies or practices. The Company greatly appreciates Ms. Szkoda’s service and thanks her for her contributions to the Company.
Upon the termination of Ms. Szkoda’s employment, the Company’s Board of Directors appointed Ms. Naama Falach to serve as its Chief Financial Officer, effective as of June 1, 2024.
Ms. Naama Falach, 45 has served as the VP Global Finance of the Company since April 2021. Ms. Falach is a senior financial professional with more than 17 years of experience. Ms. Falach has served as a member of the board of directors of Maris-Tech Ltd. (Nasdaq: MTEK) since February 2022, of Argaman Industries (TASE: Argaman) since June 2021 and of Crow Technologies 1977 Ltd. (OTC: CRWTF) since May 2018. She has also served as VP of finance of Midgard Technologies Ltd. since April 2021. She previously served as the chief financial officer and chief operating officer of NGG Global Consulting, a consulting group specializing in organizational and operational excellence solutions from May 2019 to February 2021, and as chief financial officer of AnyfinacialTech Ltd., an online financial trading platform from May 2015 to June 2017. Ms. Falach received a BA in Business Administration and Accounting from the College of Management, Israel. She is also a graduate of the Directors and Executives program from the IDC Herzliya, Israel.
Ms. Falach has no family relationships with any director or executive officer of the Company.
A copy of the press release entitled “The INX Digital Company Announces CFO Transition Plan” is attached to this Form 6-K as Exhibit 99.1.
Exhibit Index
| Exhibit No. | Description | |
| 99.1 | Press Release dated May 6, 2024: The INX Digital Company Announces CFO Transition Plan |
1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| INX Limited | ||
| Date: May 7, 2024 | By: | /s/ Shy Datika |
| Shy Datika | ||
| President and CEO | ||
2
Exhibit 99.1
The INX Digital Company Announces CFO Transition Plan
INX Names Ms. Naama Falach as Incoming Chief Financial Officer (CFO), Effective June 1st, 2024
Toronto, Canada – (May 6, 2024) - The INX Digital Company, Inc. (Cboe CA: INXD, OTCQB: INXDF, INXATS: INX) (the “Company” or “INX”), the owner of INX.One, a security token and digital asset trading platform, U.S. broker-dealer, alternative trading system, transfer agent, and inter-dealer broker (through its subsidiaries), announced today that, in a mutually agreed decision, Chief Financial Officer (CFO) Ms. Renata Szkoda will be leaving the company effective May 31, 2024. Assuming this position will be Ms. Naama Falach, who brings with her over three years of invaluable experience as the company’s VP Global Finance.
Ms. Falach brings a wealth of experience and knowledge to the role of CFO, having been an integral part of INX’s finance team for the past three years. The Board of Directors has expressed confidence in Ms. Falach’s ability to lead the company’s financial operations and contribute to its strategic growth.
“We are delighted to welcome Naama Falach as our new CFO,” said Shy Datika, CEO of INX. “Naama’s deep understanding of our business, combined with her financial expertise and leadership skills, make her the ideal choice to lead us forward. Ms. Szkoda will work closely with Ms. Falach and the finance team to ensure a smooth transition before her departure,” he adds.
“On behalf of everyone at INX, I’d like to express my gratitude to Renata for her commitment to the Company, its employees, and shareholders. She has helped lay the solid foundation that will support the company’s strategic growth and innovation, global presence, and financial strength. We wish her all the best in her future endeavors.”
This transition reflects the company’s ongoing evolution as it strives to enhance and secure its cash positions while maximizing efficiency to support its rapid future growth.
Ms. Falach commented, “I thank Shy and the Board of Directors for their vote of confidence. I am excited to take on this new role and contribute to INX’s success through sound financial strategies and efficient operations.”
About INX:
INX provides regulated trading platforms for digital securities and cryptocurrencies. With the combination of traditional markets expertise and a disruptive fintech approach, INX provides state-of-the-art solutions to modern financial problems. INX is led by an experienced and dedicated team of business, finance, and technology veterans with the shared vision of redefining the world of capital markets via blockchain technology and a disciplined regulatory approach.
About The INX Digital Company, Inc.: INX is the holding company for the INX Group, which includes regulated trading platforms for digital securities and cryptocurrencies. The INX Group’s vision is to be the preferred global regulated hub for digital assets on the blockchain. The INX Group’s overall mission is to bring communities together and empower them with financial innovation. Our journey started with our initial public token offering of the INX Token in which we raised US$84 million. The INX Group is shaping the blockchain asset industry through its willingness to work in a regulated environment with oversight from regulators like the SEC and FINRA. For more information, please visit the INX Group website here.
Cautionary Note Regarding Forward-Looking Information and Other Disclosures
This press release contains statements that constitute “forward-looking information” (“forward-looking information”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. In disclosing the forward-looking information contained in this press release, INX has made certain assumptions, including with respect to, the continuous development of the INX trading platform, the completion of the transactions described herein, the offering of non-deliverable cryptocurrency forwards, and the development of the digital asset industry. Although INX believes that the expectations reflected in such forward-looking information are reasonable, it can give no assurance that the expectations of any forward-looking information will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such factors include but are not limited to regulatory developments, the state of the digital securities and cryptocurrencies markets, and general economic conditions. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Except as required by law, INX disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking information or otherwise.
Cboe Canada is not responsible for the adequacy or accuracy of this press release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. INX’s securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
For further information, contact:
The INX Digital Company, Inc.
Investor Relations
+1 855 657 2314
Contact: Alan Silbert
Email: investorrelations@inx.co