Diginex has entered into an amended definitive agreement to acquire the entire share capital of Resulticks in an all-stock transaction valued at approximately US$1.05 billion. Under the terms, Diginex would issue 600,000,000 newly created ordinary shares at US$1.75 each to Resulticks' shareholders. The amended agreement replaces an original sale-and-purchase agreement the parties signed on April 16, 2026.
Resulticks describes itself as a global provider of AI-powered, real-time customer-engagement software, unifying customer data and orchestrating communications across channels for brands. Diginex said the business generated US$150 million in revenue and US$17 million in profit after tax for its 2025 financial year, and cited a compound annual growth rate above 60% since the pandemic — all figures attributable to the company rather than an independent source.
The structure is a reverse takeover. On completion, Resulticks' shareholders together with investors in an expected US$50 million financing would own approximately 86% of the enlarged share capital, leaving existing Diginex holders with roughly 14%. A reverse takeover lets a private company obtain a public listing by folding into an already-quoted vehicle, avoiding the process and disclosure timetable of a conventional initial public offering.
The company said private funding commitments totalling US$70 million have been secured, of which not less than US$50 million is tied to Resulticks and expected at completion. The deal remains conditional on a shareholder vote, Nasdaq approval, other regulatory clearances and satisfaction of the funding condition. Completion is targeted for October 30, 2026, following an extraordinary general meeting scheduled for October 8.
Governance would change with control. Redickaa Subrammanian, Resulticks' co-founder and chief executive, is set to become chief executive of the combined company, and the board would be reconstituted with directors designated by Resulticks' shareholders. Miles Pelham, Diginex's chairman, would step down. The reconstitution of the board is consistent with the ownership shift and is a standard feature of a reverse takeover rather than a separate event.
What the announcement does not settle is how the market values the paper: the US$1.75 issue price sets the deal's headline size but is not a traded price, and Diginex's own shares fell on the revised terms according to reports, a reaction a reader should attribute to market commentary rather than the company. For venture and micro-cap investors, the transaction is a case study in how a small listed company can be used as an acquisition currency, with dilution the cost existing holders bear.