ASX-listed digital asset funding supervisor DigitalX Restricted has pushed again towards recommendations it breached inside buying and selling guidelines after the alternate queried director Ieva Guoga’s latest share purchases and her dealings with main shareholder Antanas “Tony G” Guoga, her father.
Key Takeaways:
- The ASX queried DigitalX over director Ieva Guoga’s 3 million share buy forward of a Solana acquisition.
- DigitalX mentioned she sought buying and selling approval however couldn’t log in attributable to system updates.
- The corporate deemed the announcement non-price-sensitive.
In keeping with The Australian Monetary Evaluate, the ASX sought clarification over Ieva’s acquisition of three million DigitalX shares shortly earlier than a Could 29 announcement on an $11.6 million Solana token buy.
The alternate questioned whether or not the timing complied with DigitalX’s securities buying and selling coverage and likewise requested about transactions involving Antanas, a former Lithuanian MEP and ex-professional poker participant.
DigitalX Appoints Ieva Guoga to Board Amid Management Reshuffle
Ieva, 26, joined the board in mid-Could alongside new chairman Leigh Travers, changing outgoing chair Toby Hicks and non-executive director Davide Bosio.
In a letter dated July 28, the ASX requested whether or not her trades met coverage necessities.
DigitalX responded that she had sought permission from each the chair and firm secretary however was unable to log the trades via its inside platform attributable to system updates following the closure of the CHESS clearing system.
Whereas admitting she “didn’t comply strictly” with all provisions of the buying and selling coverage, the corporate mentioned no legal guidelines or itemizing guidelines had been breached.
It argued the Could 29 announcement was not price-sensitive, describing it as affirmation of an already disclosed Solana acquisition technique.
The inventory moved solely marginally that day, closing at $0.068 after a short 3% rise, and ended final week at $0.073.
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An organization spokesman informed the ASX her request “didn’t match word-for-word” the coverage’s necessities however burdened that DigitalX stays dedicated to imposing its guidelines, utilizing the episode as a possibility to enhance processes.
ASX Probes DigitalX Dealings With Main Shareholder Antanas Guoga
The ASX additionally examined the corporate’s dealings with Antanas Guoga, who signed a strategic advisory settlement with DigitalX in December 2024, earlier than Ieva’s appointment.
He was granted 25 million choices exercisable in two years and started shopping for shares in January, now holding roughly 15% of the Perth-based agency.
He’s additionally chairman and main shareholder of Canadian-listed SOL Methods, which in Could secured a 12-month unique Solana staking settlement with DigitalX.
DigitalX defended the partnership, saying SOL Methods supplied higher efficiency, larger staking rewards, and decrease charges than rivals.
“The non-conflicted administrators of the corporate are snug that the transaction undertaken was within the pursuits of DigitalX shareholders,” the spokesman mentioned, including that Antanas has invested vital capital however holds no operational position within the firm.
In July, DigitalX secured AU$20.7 million ($13.5 million) in strategic funding from world crypto gamers to broaden its Bitcoin treasury.
The strategic funding noticed main contributors together with Animoca Manufacturers, UTXO Administration and ParaFi Capital.
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