Chairman Miles Pelham Sells $7.2M Stake; Cancels Warrants for 40M Shares in Resulticks Deal

summarizeSummary

Chairman Miles Pelham sold $7.2M of Diginex shares at $1.00 each, cutting his stake to 40.5%. He also agreed to cancel warrants and equity awards for 40M new shares tied to the Resulticks acquisition.

check_boxKey Events · Ownership and Investor Activity · DGNX

• Chairman Sells $7.2M Stake

  On August 17, 2026, Miles Pelham sold 294,380 shares and Rhino Cayman sold 6,908,540 shares, all at $1.00 per share, totaling $7,202,920.

• Warrants Cancelled for 40M Shares

  Pelham and Rhino Cayman agreed to terminate the 51% Warrant, IPO Warrants, RSUs, and PSUs in exchange for 40 million new Ordinary Shares at the closing of the Resulticks acquisition.

• Ownership Drops to 40.5%

  After the sales, Pelham beneficially owns 33,351,473 shares (40.5%) and Rhino Cayman owns 33,048,073 shares (40.1%), based on 82,446,496 shares outstanding including warrants.

• Resulticks Deal Terms

  The amended acquisition values Resulticks at $1.05 billion, payable in 600 million new shares at $1.75 per share, expected to close by October 30, 2026.

auto_awesomeAnalysis · DGNX · Technology

A significant insider transaction has just been disclosed. On August 17, 2026, Diginex's chairman and controlling shareholder, Miles Pelham, sold $7.2 million worth of shares at $1.00 each, reducing his stake to 40.5%. The sale comes just days after the company amended its Resulticks acquisition to $1.05 billion in stock. In a related move, Pelham and his investment vehicle Rhino Cayman agreed to cancel all outstanding warrants, RSUs, and PSUs in exchange for 40 million new shares at the deal's closing. This restructuring of insider holdings and the large sale signal a shift in the company's control structure ahead of the transformative acquisition.