Diginex and Resulticks extend due diligence period to finalize their agreement until August 31, 2025.
Quiver AI Summary
Diginex Limited, a provider of Sustainability RegTech solutions, announced an extension of the due diligence period in their Memorandum of Understanding with Resulticks Global Companies, moving the deadline from July 31 to August 31, 2025. This extension will give both parties adequate time to finalize their definitive agreement, as most of the material due diligence has already been completed. Diginex, headquartered in London, focuses on enabling companies and governments to streamline ESG and sustainability reporting through advanced technologies such as blockchain and AI, while Resulticks offers AI-powered customer engagement solutions.
Potential Positives
- The extension of the due diligence period indicates a positive step in progressing the partnership with Resulticks, suggesting both parties are committed to finalizing a definitive agreement.
- Most material due diligence has been completed, which implies that significant progress has been made towards the partnership.
- The mention of Diginex's leading role in Sustainability RegTech solutions highlights the company's competitive advantage in a growing market focused on environmental, social, and governance (ESG) initiatives.
- Diginex’s award-winning diginexESG platform's support for 19 global frameworks positions the company as a crucial player in the ESG reporting landscape, increasing its attractiveness to potential clients and investors.
Potential Negatives
- The extension of the due diligence period may indicate unresolved issues or uncertainties regarding the agreement with Resulticks, which could raise concerns among investors about the company's strategic partnerships.
- The need for a due diligence extension could reflect potential challenges in finalizing the definitive agreement, suggesting that the transaction may not proceed smoothly or may face delays.
FAQ
What is the purpose of the due diligence extension?
The extension allows both parties to finalize the definitive agreement after completing most material due diligence.
Who are the parties involved in the Memorandum of Understanding?
The parties involved are Diginex Limited and Resulticks Global Companies Pte. Limited.
What does Diginex specialize in?
Diginex specializes in Sustainability RegTech solutions, including ESG data collection and reporting.
How does Diginex utilize technology in its services?
Diginex utilizes blockchain, AI, machine learning, and data analysis technology to enhance transparency in reporting.
Where can I find more information about Diginex?
More information about Diginex can be found on their official website at https://www.diginex.com/.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
LONDON, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Diginex Limited (“Diginex” or the “Company”) (NASDAQ: DGNX), a leading provider of Sustainability RegTech solutions, today announced that, by mutual consent, the Company and Resulticks Global Companies Pte. Limited have agreed to extend the due diligence period, provided for in the Memorandum of Understanding, dated 5 June 2025, executed by the parties, from 31 July 2025 until 31 August 2025. With most material due diligence completed the extension will allow the parties sufficient time to complete the definitive agreement.
About Diginex
Diginex Limited (Nasdaq: DGNX; ISIN KYG286871044), headquartered in London, is a sustainable RegTech business that empowers businesses and governments to streamline ESG, climate, and supply chain data collection and reporting. The Company utilizes blockchain, AI, machine learning and data analysis technology to lead change and increase transparency in corporate regulatory reporting and sustainable finance. Diginex’s products and services solutions enable companies to collect, evaluate and share sustainability data through easy-to-use software.
The award-winning diginexESG platform supports 19 global frameworks, including GRI (the “Global Reporting Initiative”), SASB (the “Sustainability Accounting Standards Board”), and TCFD (the “Task Force on Climate-related Financial Disclosures”). Clients benefit from end-to-end support, ranging from materiality assessments and data management to stakeholder engagement, report generation and an ESG Ratings Support Service.
For more information, please visit the Company’s website:
About Resulticks
Resulticks is a leading provider of AI-powered, omnichannel customer engagement and data management solutions. Its platform enables businesses to deliver personalized experiences through real-time data analytics and automation, serving clients across industries in North America, Asia, and the Middle East. Resulticks is headquartered in New York, with additional offices in India, Singapore, and Dubai.
For more information, please visit the Resulticks website:
https://www.resulticks.com/resulticks-story.html
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements of historical facts are “forward-looking statements”.
These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements in this press release include statements regarding the timing and completion (including the ability to meet the required closing conditions) of the contemplated transaction and the potential value to shareholders. Each of these forward-looking statements involves risks and uncertainties that could cause the Company’s future results or performance to differ materially from those expressed or implied by the forward-looking statements. Many factors may cause differences between current expectations and actual results. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect new information, subsequent occurring events or circumstances, changes in its expectations or otherwise, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable as of the date of this press release, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results disclosed in the Company's filings with the SEC.
Investor Contact
Diginex
Investor Relations
Email:
[email protected]
IR Contact - Europe
Anna Höffken
Phone: +49.40.609186.0
Email:
[email protected]
IR Contact - US
Jackson Lin
Lambert by LLYC
Phone: +1 (646) 717-4593
Email:
[email protected]
IR Contact - Asia
Shelly Cheng
Strategic Financial Relations Ltd.
Phone: +852 2864 4857
Email:
[email protected]
