Diginex Seeks Shareholder Approval to Reverse Course and Avoid Nasdaq Delisting

Diginex calls shareholder vote to approve an 8-for-1 reverse stock split and capital increase, aiming to meet Nasdaq's minimum bid price and secure its exchange listing.

Facing potential removal from the Nasdaq exchange, Diginex's management is proposing significant structural changes. The company has called a special shareholder meeting for April 13, 2026, to vote on capital measures designed to secure its listing, most notably a full reversal of a recent stock split.

A Strategic Reversal to Meet Listing Rules

The core proposal is an 8-for-1 reverse stock split. This consolidation is a direct tactic to mathematically elevate the share price above the Nasdaq's minimum bid requirement. The move is particularly notable as it effectively undoes an 8-for-1 forward stock split the company executed just months prior, in September 2025.

Alongside the reverse split, the board is asking shareholders to authorize a substantial increase in its share capital. The proposal seeks to raise the authorized capital limit to $200,000, which would be divided into 495 million common shares and 5 million preferred shares. Management states this adjustment is necessary to provide the company with the flexibility needed to comply with the exchange's ongoing regulatory requirements.

Operational Business Continues Amid Structural Overhaul

Separate from these formal financial maneuvers, the company formerly known as EQONEX continues its operational focus on sustainability solutions. Its AI-powered carbon accounting software, Plan A, is now being used by European digital health platform Doctolib to measure its carbon footprint. Furthermore, Diginex is expanding its regulatory advisory work in the Middle East, supporting local organizations with the implementation of new climate laws under the framework of the Abu Dhabi Sustainable Finance Declaration.

The upcoming vote on April 13, 2026, is a pivotal moment for the company's U.S. listing. Shareholder approval of the proposals would establish the formal foundation for Diginex to maintain its position on the Nasdaq. A rejection of the plans, however, would acutely endanger its continued status on the American exchange.