Diginex Shares Surge on MOU for Matter DK ApS Acquisition

Dow Jones

27 May

By Denny Jacob

Diginex shares surged 21% in premarket trading following a memorandum of understanding for an all-share acquisition of Matter DK ApS.

Shares were trading around $69. On the year, the stock is up 660%.

The blockchain financial services and technology company said the MOU values the equity of Matter at $13 million, which will be paid through the issuance of Diginex ordinary shares valued at the 60-trading day trailing volume weighted average price as of Friday.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

May 27, 2025 08:58 ET (12:58 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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On the year, the stock is up 660%. \n\n\n  The blockchain financial services and technology company said the MOU values the equity of Matter at $13 million, which will be paid through the issuance of Diginex ordinary shares valued at the 60-trading day trailing volume weighted average price as of Friday. \n\n\n \n\n\n  Write to Denny Jacob at denny.jacob@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 27, 2025 08:58 ET (12:58 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}