Diginex Ltd to Delist from Nasdaq
Ticker: DGNX · Form: 6-K · Filed: Jan 28, 2025 · CIK: 2010499
Sentiment: neutral
Topics: delisting, sec-filing, cost-reduction
TL;DR
Diginex is ditching Nasdaq to save cash, shares out by early March.
AI Summary
On January 27, 2025, Diginex Limited announced its intention to delist its common shares from the Nasdaq Capital Market. The company plans to file a Form 25 with the SEC on or about February 26, 2025, with the delisting expected to become effective on or about March 7, 2025. This decision was made to reduce costs and administrative burden.
Why It Matters
This delisting will remove Diginex Limited's common shares from a major US stock exchange, potentially impacting liquidity and investor access.
Risk Assessment
Risk Level: medium — Delisting from a major exchange can reduce liquidity and investor confidence, potentially impacting the stock's value and trading volume.
Key Players & Entities
- Diginex Limited (company) — The company making the announcement
- Nasdaq Capital Market (company) — The stock exchange from which the company plans to delist
- January 27, 2025 (date) — Date of the announcement
- February 26, 2025 (date) — Expected filing date for Form 25
- March 7, 2025 (date) — Expected effective date of delisting
FAQ
What is the primary reason for Diginex Limited's decision to delist from the Nasdaq Capital Market?
Diginex Limited is delisting to reduce costs and administrative burden associated with being a publicly traded company on the Nasdaq.
When does Diginex Limited expect its common shares to be delisted from the Nasdaq Capital Market?
The delisting is expected to become effective on or about March 7, 2025.
What form will Diginex Limited file with the SEC to initiate the delisting process?
Diginex Limited plans to file a Form 25 with the SEC.
On what date was the announcement of the delisting made?
The announcement was made on January 27, 2025.
Will Diginex Limited continue to be a reporting company with the SEC after delisting?
The filing indicates the company is a foreign private issuer and files reports under the 1934 Act, and the delisting from Nasdaq does not automatically cease its SEC reporting obligations, though it may impact the forms required.
Filing Stats: 479 words · 2 min read · ~2 pages · Grade level 16.4 · Accepted 2025-01-27 20:48:44
Key Financial Figures
- $0.00005 — hase 337,500 ordinary shares, par value $0.00005 per share (the “Ordinary Shares&r
- $4.10 — Shares at the public offering price of $4.10 per share, resulting in additional gros
- $1.38 m — sulting in additional gross proceeds of $1.38 million, before deducting underwriting di
- $10.61 m — res and the gross proceeds increased to $10.61 million, before deducting underwriting di
Filing Documents
- form6-k.htm (6-K) — 22KB
- ex99-1.htm (EX-99.1) — 15KB
- image_001.jpg (GRAPHIC) — 3KB
- 0001493152-25-003863.txt ( ) — 42KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. DIGINEX LIMITED Date: January 27, 2025 /s/ Mark Blick Name: Mark Blick Title: Chief Executive Officer (Principal Executive Officer) EXHIBIT INDEX Exhibit No. Description 99.1 Press Release issued on January 27, 2025 Announcing the Underwriters’ exercise of the Over-Allotment Option