Diginex Proposes Share Consolidation to Maintain Nasdaq Listing
Published on 03/28/2026 at 03:59 | Redaktion boerse-global.de
Digital asset firm Diginex is taking decisive action to address a compliance issue with the Nasdaq stock exchange. The company has scheduled a special shareholder meeting for April 13, 2026, where investors will vote on a proposed 8-for-1 reverse stock split. This move is a direct response to a notification letter Diginex received from Nasdaq on March 23.
A Compliance Deadline Looms
The catalyst for this corporate action is a specific listing rule violation. For more than 30 consecutive trading days, the closing bid price of Diginex's common stock remained below the $1.00 minimum threshold. This breaches Nasdaq Listing Rule 5550(a)(2). In response, the exchange has granted the company a grace period, setting a deadline of September 21, 2026, to regain compliance.
If approved, the reverse split would effectively undo a 1-for-8 bonus share issue that was completed in September 2025. From a mathematical standpoint, the company's market capitalization would be unchanged; the number of outstanding shares would decrease, causing the price per share to increase proportionally.
Should investors sell immediately? Or is it worth buying Diginex?
Expanding Authorized Share Capital
Alongside the share consolidation proposal, Diginex plans to seek shareholder approval to increase its authorized share capital. The proposal aims to raise it to $200,000, divided into 495 million shares of common stock and 5 million shares of preferred stock. Management indicates this would provide greater flexibility for potential future corporate actions, including mergers or acquisitions.
Shareholders are not required to take any immediate action. Should the resolution pass at the extraordinary general meeting, the adjustment will be processed automatically. The company's shares will continue to trade under the ticker symbol "DGNX."
Failure to meet the Nasdaq's minimum bid price requirement by the September 2026 deadline could trigger an additional 180-day compliance period. If the issue remains unresolved beyond that extension, the company would face delisting from the Nasdaq Capital Market.
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