CNSX Markets, operator of the Canadian Securities Exchange (CSE), is actively pursuing the acquisition of the National Stock Exchange of Australia (NSX). CSE Chief Executive Richard Carleton highlighted the long-term interest in the NSX as a strategic investment, coinciding with discussions about the state of Australian capital markets at a recent industry conference. The proposed deal aims to address the need for a dedicated venture-style market in Australia, leveraging the CSE’s experience in fostering early-stage companies.
The acquisition involves CNSX acquiring all outstanding NSX shares at $0.035 cash per share, a 59% premium over the closing price on May 16, 2025. The deal, expected to be implemented by September 15, 2025, is not subject to financing or due diligence conditions. Post-acquisition, the NSX will retain its branding and management team, focusing on providing a service-oriented alternative for emerging companies. This move comes amidst growing concerns among junior explorers regarding regulatory enforcement on the ASX, with the CSE positioning itself to offer a more tailored environment for early-stage ventures, drawing from its successful two-tier regulatory framework in Canada.
