“The market capitalization of OSE, which is listed on the Jasdaq Securities Exchange for start-up firms, stands at $271 billion, according to data provided by the World Federation of Exchanges.”
“OSE is putting its theories into practice on Factor e Farm, north of Kansas City, Kansas.”
“In 2003, Marcin founded Open Source Ecology OSE -- a movement dedicated to the collaborative development of tools for creating off-grid communities using open source tools, permaculture methods, and digital fabrication.”
“OSE has prototyped eight machines and intends to build it all from scratch, from an induction furnace for melting metals to an open source combine.”
“Among the other options being considered, the TSE may buy all of shares in the OSE to make it wholly owned, a path the Osaka exchange would likely avoid to prevent delisting.”
“The two exchanges may also pursue a merger through a share swap, allowing the OSE to remain listed on the Jasdaq Securities Exchange.”
“But the discussions appear to be progressing slowly due to differences of opinion on how the two sides should proceed, especially with one exchange, the OSE, already listed, and the other yet to go public.”
“OSE shares closed up 2.6% at Y400,000 $4,934 Wednesday, extending an 8% gain a day earlier.”
“The Nikkei reported Wednesday that the TSE is pitching a plan under which it will turn the OSE, Japan's largest derivatives exchange, into a subsidiary by purchasing as much as two-thirds of its outstanding shares.”
“The TSE declined to comment, while an OSE spokesman said the report wasn't based on information from the exchange.”
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