Diginex’s $1.5B all-stock acquisition of Resulticks faces a valuation gap as stock trades at $1.96 vs. deal reference price of $10.56, with Nasdaq delisting deadline looming.
The numbers don’t add up for Diginex, and the company knows it. The software firm is pushing ahead with a $1.5 billion all-stock acquisition of Resulticks, but the math behind the deal has created a chasm between its internal valuation and what the market is willing to pay. After an 8-for-1 reverse stock split in late April, the reference price for the new shares issued in the takeover jumped to $10.56 — yet the stock closed the most recent session at just $1.96. That gap is raising eyebrows and testing investor patience.
