SplitApr 26, 2026, 05:24 AM
DGNX Announces 8-for-1 Share Consolidation, Increases Authorized Capital
AI Summary
Diginex Ltd announced an 8-for-1 share consolidation of its ordinary and preferred shares, effective April 28, 2026. Concurrently, the company increased its authorized share capital from US$50,000 to US$200,000. This move aims to provide sufficient capital structure flexibility for general corporate purposes and M&A, and to comply with Nasdaq's continued listing requirements, including the minimum bid price.
Key Highlights
- Board and shareholders approved an 8-for-1 share consolidation of ordinary and preferred shares.
- Authorized share capital increased from US$50,000 to US$200,000.
- The changes are effective April 28, 2026, 9:30 A.M. EDT; DGNX will continue trading on Nasdaq.
- Outstanding ordinary shares will reduce from 232,807,527 to approximately 29,100,941.
- Warrants will be adjusted proportionately, except for 4,170,520 Rhino Ventures Limited warrants.
- The action aims to comply with Nasdaq's minimum bid price requirement (Rule 5550(a)(2)).
- Provides sufficient headroom in authorized share capital for corporate purposes and M&A flexibility.
Price Impact
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