Diginex’s $1.5 Billion All-Stock Deal Collides With a $1.23 Share Price — and a 65% Rout

Diginex shares sink 65% over ten sessions as $1.5B Resulticks acquisition via share issuance raises dilution concerns, with stock at $1.37 and Nasdaq delisting deadline looming.

The math at Diginex is hard to square. The company’s market capitalization has shrunk to roughly $36 million, yet it is pursuing a $1.5 billion acquisition entirely through the issuance of new shares. The gap between ambition and market reality has rarely been this wide — and investors have been voting with their sell orders.

Over the past ten trading sessions, the stock has plunged around 65%. On Monday, May 11, 2026, the slide accelerated again, with shares falling 10.22% to a fresh yearly low of $1.23. Trading volume surged past 580,000 shares as selling pressure intensified. The next day brought a partial recovery — the stock bounced back to approximately $1.37, a daily gain of roughly 11.38% — but the technical picture remains precarious. In nine of the last ten sessions, the stock closed in the red.

The central issue is the proposed takeover of Resulticks, a data platform that specializes in AI-driven customer intelligence. Diginex plans to pay for the acquisition with roughly 141.7 million new common shares, referencing a price of $10.56 per share on a post-consolidation basis. With the market price hovering around $1.37, that valuation gap raises serious questions about dilution. Market participants see a large risk that existing shareholders will be left holding a far thinner slice of a business whose strategic value is yet to be proven.

Resulticks itself brings some solid numbers to the table. It reported annual revenue of about $150 million for the past year, with an EBITDA range of $46 million to $50 million and an operating margin of roughly 32%. Management expects a further significant jump in sales during the current fiscal year. The platform processes data for compliance and sustainability reporting, and Diginex intends to integrate those capabilities into a single real-time data infrastructure for corporate decision-making.

Yet skepticism runs deep. Lorenzo Romano, Diginex’s vice chairman, has described a path toward an integrated platform that marries existing RegTech and ESG reporting with AI-powered data activation. But until the deal closes — expected within weeks — the stock remains caught between the promise of the acquisition and the reality of a low market price.

Adding to the pressure, the Schall Law Firm has opened an investigation into possible securities law violations related to the company’s communications. Regulatory risk is a further cloud over the stock.

Beyond the deal itself, Diginex faces a Nasdaq deadline it cannot afford to ignore: the stock must trade at or above $1.00 for at least ten consecutive trading days by September 21, 2026, or risk being delisted. With the current bounce taking shares to just $1.37, that timeline leaves little margin for error — and the ongoing rout suggests the market is not yet convinced the Resulticks acquisition will be the catalyst Diginex needs.