Short Sellers Double Down on Diginex as Resulticks Deal Faces Nasdaq Deadline and Loan Repayment Test

Bearish bets against Diginex have more than doubled in the past month, with short interest surging to 747,489 shares — a roughly 120% increase that now accounts for 4.49% of the float. The escalation comes as the company navigates a delicate period: a $1.5 billion all-stock acquisition of Resulticks Global Companies hangs in the balance, while a Nasdaq compliance deadline looms on the horizon.

The stock is trading in a tight band near the critical $1 mark. On June 3, shares changed hands at $1.17, oscillating between $1.13 and $1.26 on volume of 872,000 — well above the recent daily average of around 48,400, suggesting a surge in market attention. Weekly volatility has approached 22%, reflecting deep uncertainty about the outcome of the pending merger and the company’s ability to meet listing requirements.

Nasdaq Clock Ticks with a September Expiration

The exchange has set a firm deadline of September 21, 2026, for Diginex to demonstrate compliance with the $1 minimum bid price rule. To do so, the stock must close at or above $1 for at least ten consecutive trading days. An earlier 8-for-1 reverse stock split has already been executed, but the adjusted reference price of $10.56 per share — based on the pre-split equivalent of $1.32 — is now largely symbolic given the current level.

The Nasdaq condition adds urgency to the Resulticks transaction, which is structured as a pure share swap. Diginex will issue approximately 141.7 million new shares (post-split) to acquire the KI-platform operator. Resulticks generated around $150 million in revenue and $46 million in EBITDA in 2025, with Diginex projecting 2027 revenue of $250 million to $280 million. The massive dilution inherent in the deal is one factor keeping short sellers engaged.

Should investors sell immediately? Or is it worth buying Diginex?

Loan Rescheduling Adds a Third Variable

In a move that strengthens near-term liquidity, Diginex has restructured an $8 million credit facility it extended to Resulticks. Repayment is now split into four $2 million tranches, with the final installment due in September 2026 — coinciding with the Nasdaq deadline. The loan carries a 10% annual interest rate. The first tranche is expected to provide Diginex with fresh cash just as it works to close the acquisition.

The merger itself has already slipped past its original timeline. The long-stop date — the final deadline to complete the deal — was postponed from May 29 to June 12, 2026, owing to unresolved closing conditions under the share purchase agreement. A failure to close by that date could jeopardize the entire transaction, though further extensions remain possible.

Operational Profile Under Pressure

Beyond the deal mechanics, Diginex has been active on the operational front. Recent acquisitions include The Remedy Project for $7.6 million and Matter DK, moves that have sharpened its focus on ESG and regulatory technology. Software subscription revenues are growing, but the company booked a net loss of $5.2 million in its last fiscal year.

Diginex at a turning point? This analysis reveals what investors need to know now.

With no new corporate announcements in the last 48 hours, the stock’s trajectory is being driven by market mechanics and sentiment. The next key milestones are clear: June 12 for the Resulticks deal, September 21 for Nasdaq compliance, and the incoming loan payments that will test Diginex’s cash position. Short sellers are betting that at least one of these will break the wrong way.

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