Product Overview
The Issuer (DigiFT) issues Depository Receipts Tokens to raise funds solely for subscription to Class A Shares of PrimeX. PrimeX will then invest in an intermediate US Fund that holds an indirect economic interest in securities of Space Exploration Technologies Corp. (commonly known as SpaceX) via a Forward Sale Agreement (FSA). The strategy is a passive, buy-and-hold, fund-of-funds approach. The PrimeX’s investment objective is to achieve capital appreciation by investing all or substantially all of its assets in units or participations in a privately offered vehicle (the Portfolio) which has been established for the primary purpose of investing in SpaceX. PrimeX’s only investment will be in a specific portfolio or vehicle managed by a third party, established with the objective of gaining exposure to SpaceX. The Portfolio, which is externally managed in a recognised fund jurisdiction (USA), will invest directly or indirectly in SpaceX, either through direct shareholdings or through underlying subsidiary entities or holding structures as appropriate.
This product is offered to Professional Investor only (as defined under the Securities and Futures Ordinance (Cap. 571) and its subsidiary legislation) and is not intended for distribution to, or use by, any person in any jurisdiction where such distribution or use would be contrary to applicable laws or regulations. It is the responsibility of any person who accesses this information to observe all applicable laws and regulations of their relevant jurisdiction. The information provided is for reference purposes only and does not constitute as an invitation, offer or recommendation to acquire, purchase or subscribe for any investment products or any solicitation of such an offer.
