Diginex Cuts Resulticks Deal to $1.05B, Targets October Close
DGNX sits 81% above its 52-week low of $0.85.
Summary
Diginex signed an amended and restated agreement to acquire Resulticks for $1.05 billion in stock, down from the original $1.5 billion. The deal now targets completion by October 30, 2026, with Resulticks shareholders and new investors owning about 86% of the combined company. Resulticks reported $150 million revenue and $17 million profit for FY2025, growing over 60% annually since the pandemic. Redickaa Subrammanian will become CEO and Miles Pelham steps down as chairman. The revised terms follow the SEC's abandonment of Diginex's registration statement and a $20 million private placement at $1.00 per share, signaling a restructured path to close. The lower price and clear leadership plan reduce uncertainty, but the deal still requires shareholder and regulatory approval.
At the time of this announcement, DGNX was trading at $1.54 on NASDAQ in the Technology sector, with a market capitalization of approximately $44.2M. The 52-week trading range was $0.85 to $318.84. This news item was assessed with neutral market sentiment and an importance score of 9 out of 10. Source: GlobeNewswire.