DigitalX, listed on the Australian Securities Exchange (ASX), has pushed back against claims that one of its directors may have broken trading rules.
The company said it followed its internal policies after the ASX raised concerns about recent share purchases by Ieva Guoga and her business ties with her father, Antanas “Tony G” Guoga.
According to an August 11 report from The Australian Financial Review, the ASX is looking into whether Ieva Guoga bought 3 million shares just before a May 29 announcement.
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DigitalX had made an $11.6 million investment in Solana
The company explained that its policy outlines specific time periods when directors can buy or sell shares. Before making a trade, they must get approval from senior staff.
These rules are meant to prevent trades from happening while the company holds information that could impact its share price and hasn’t yet shared it with the public.
Antanas Guoga owns about 15% of DigitalX. He is also the chairman of SOL Strategies, a Canadian company that recently signed a 12-month deal to provide Solana staking services to DigitalX. This business relationship has added to concerns about possible conflicts of interest.
To address the issue more formally, DigitalX plans to hold a shareholder vote on September 5.
Recently, Paxos agreed to pay $48.5 million to settle with New York’s financial regulator. What happened? Read the full story.
