Diginex Pulls Off a Reverse Split as a $1.5 Billion All-Stock AI Deal Hangs in the Balance

Diginex executes 1-for-8 reverse split to meet Nasdaq listing rules while pursuing a $1.5 billion all-stock acquisition of AI firm Resulticks, targeting a mid-May close.

Investors in Diginex woke up on April 28 to a radically different portfolio. The company has executed a one-for-eight reverse stock split, a move designed to stave off delisting from the Nasdaq while laying the groundwork for a transformative acquisition.

The consolidation shrinks the free float to roughly 29 million shares. For existing shareholders, the arithmetic is simple: eight old shares become one new one, with their proportional ownership unchanged. The theoretical price per share jumps to around $4, buying the company breathing room as it races to meet exchange requirements.

The Nasdaq had issued a formal warning in late March after the stock languished below the critical $1 threshold for weeks. Under exchange rules, Diginex now needs to close at or above $1 for ten consecutive trading days to secure its listing permanently. The clock is ticking until September 21, 2026.

But the reverse split is only half the story. The real prize is a $1.5 billion all-stock acquisition of Resulticks, an artificial intelligence specialist that Diginex plans to absorb in a deal structured entirely as a share exchange. Shareholders gave the green light at an extraordinary general meeting in mid-April, approving a significantly expanded capital base of nearly 500 million authorized common shares.

Resulticks brings serious financial heft to the table. The target generated roughly $150 million in revenue last year, with an operating margin of 32 percent. For the current fiscal year, management expects sales to reach as high as $210 million. Under the terms of the agreement, 85 percent of the new capital will flow directly into the future AI subsidiary.

Diginex has been streamlining its own operations in parallel. Four former business units have been merged into a single technology platform, and the company has brought in new leadership to steer the integration. The restructuring is intended to create a unified operational structure ahead of the Resulticks deal.

The timeline is tight. Management expects to close the Resulticks acquisition within 45 days, or by mid-May. If successful, Diginex will transform almost overnight into a profitable AI-focused enterprise. The Nasdaq deadline, however, remains the more immediate pressure point: the newly consolidated shares must now prove they can hold the required price level on their own merits.