Diginex Limited Announces Underwriters’ Full Exercise of Over-Allotment Option
Diginex (DGNX) announced the full exercise of the over-allotment option by its IPO underwriters on January 27, 2025. The underwriters purchased an additional 337,500 ordinary shares at $4.10 per share, generating extra gross proceeds of $1.38 million.
Following this exercise, the total IPO size increased to 2,587,500 ordinary shares with gross proceeds of $10.61 million before deducting underwriting discounts and expenses. The company's shares began trading on the Nasdaq Capital Market under 'DGNX' on January 22, 2025.
The IPO was conducted on a firm commitment basis, with Dominari Securities as the lead underwriter and Revere Securities as co-underwriter. Diginex plans to use the proceeds for working capital and general corporate purposes.
Diginex (DGNX) ha annunciato il pieno esercizio dell'opzione di sovrallocazione da parte dei suoi sottoscrittori dell'IPO il 27 gennaio 2025. I sottoscrittori hanno acquistato ulteriori 337.500 azioni ordinarie a 4,10$ per azione, generando proventi lordi aggiuntivi di 1,38 milioni di dollari.
Dopo questo esercizio, la dimensione totale dell'IPO è aumentata a 2.587.500 azioni ordinarie con proventi lordi di 10,61 milioni di dollari prima di dedurre sconti e spese di sottoscrizione. Le azioni della società hanno iniziato a essere scambiate sul Nasdaq Capital Market con il simbolo 'DGNX' il 22 gennaio 2025.
L'IPO è stata condotta su base di impegno fermo, con Dominari Securities come lead underwriter e Revere Securities come co-underwriter. Diginex pianifica di utilizzare i proventi per il capitale circolante e scopi aziendali generali.
Diginex (DGNX) anunció el ejercicio completo de la opción de sobreasignación por parte de sus suscriptores de la OPI el 27 de enero de 2025. Los suscriptores compraron 337,500 acciones ordinarias adicionales a $4.10 por acción, generando ingresos brutos adicionales de $1.38 millones.
Después de este ejercicio, el tamaño total de la OPI aumentó a 2,587,500 acciones ordinarias con ingresos brutos de $10.61 millones antes de deducir descuentos y gastos de suscripción. Las acciones de la compañía comenzaron a negociarse en el Nasdaq Capital Market bajo 'DGNX' el 22 de enero de 2025.
La OPI se llevó a cabo sobre la base de compromiso firme, con Dominari Securities como suscriptor principal y Revere Securities como co-suscriptor. Diginex planea utilizar los ingresos para capital de trabajo y fines corporativos generales.
Diginex (DGNX)는 2025년 1월 27일 IPO 인수인들에 의한 전체 할당 옵션의 완전 행사를 발표했습니다. 인수인들은 주당 4.10달러에 337,500주의 추가 보통주를 구매하여 138만 달러의 추가 총 수익을 창출했습니다.
이번 행사에 따라 총 IPO 규모는 2,587,500주의 보통주와 1,061만 달러의 총 수익으로 증가했으며, 인수 수수료 및 비용을 공제하기 전의 수치입니다. 회사의 주식은 2025년 1월 22일 Nasdaq Capital Market에서 'DGNX'로 거래를 시작했습니다.
IPO는 확고한 약정 기반으로 진행되었으며, Dominari Securities가 대표 인수인이었고 Revere Securities가 공동 인수인이었습니다. Diginex는 수익금을 운영 자본 및 일반 기업 목적에 사용할 계획입니다.
Diginex (DGNX) a annoncé le plein exercice de l'option de surallocation par ses souscripteurs d'introduction en bourse le 27 janvier 2025. Les souscripteurs ont acheté 337 500 actions ordinaires supplémentaires à 4,10 $ par action, générant des recettes brutes supplémentaires de 1,38 million de dollars.
Suite à cet exercice, la taille totale de l'IPO a augmenté à 2 587 500 actions ordinaires avec des recettes brutes de 10,61 millions de dollars avant déduction des remises et des frais de souscription. Les actions de la société ont commencé à être échangées sur le Nasdaq Capital Market sous le ticker 'DGNX' le 22 janvier 2025.
L'IPO a été réalisée sur la base d'un engagement ferme, avec Dominari Securities en tant que souscripteur principal et Revere Securities en tant que co-souscripteur. Diginex prévoit d'utiliser les recettes pour le fonds de roulement et des fins corporatives générales.
Diginex (DGNX) hat am 27. Januar 2025 die vollständige Ausübung der Überplatzierungsoption durch die Emissionsbanken seiner IPO bekannt gegeben. Die Emissionsbanken erwarben zusätzliche 337.500 Stammaktien zu je 4,10 $ pro Aktie, was zusätzliche Bruttoerträge von 1,38 Millionen $ generierte.
Nach dieser Ausübung erhöhte sich die Gesamtgröße der IPO auf 2.587.500 Stammaktien mit Bruttoerträgen von 10,61 Millionen $ vor Abzug von Emissionsgebühren und Ausgaben. Die Aktien des Unternehmens begannen am 22. Januar 2025 im Nasdaq Capital Market unter 'DGNX' zu handeln.
Die IPO wurde auf Basis einer festen Verpflichtung durchgeführt, mit Dominari Securities als Hauptemissionsbank und Revere Securities als Co-Emissionsbank. Diginex plant, die Erlöse für Betriebskapital und allgemeine Unternehmenszwecke zu verwenden.
- Successfully completed IPO with full exercise of over-allotment option
- Raised total gross proceeds of $10.61 million
- Achieved Nasdaq Capital Market listing
- Potential shareholder dilution from additional share issuance
Insights
The full exercise of the over-allotment option by Diginex 's underwriters sends a strong positive signal to the market about investor demand and confidence in the company's ESG technology business model. The additional
The complete uptake of the greenshoe option (over-allotment) is particularly noteworthy for several reasons:
- It indicates robust institutional interest in Diginex's shares, as underwriters typically only exercise this option when they're confident about market demand
- The increased float of 2,587,500 shares should improve liquidity for investors, potentially reducing trading volatility
- The timing aligns well with growing market emphasis on ESG and sustainability solutions, positioning Diginex to capitalize on this trend
However, investors should note that while the successful over-allotment exercise is positive, the relatively modest size of the total raise (
HONG KONG, Jan. 27, 2025 (GLOBE NEWSWIRE) -- Diginex Limited (“Diginex Limited” or the “Company”), incorporated in the Cayman Islands, is an impact technology business that helps organizations to address the some of the most pressing Environmental, Social and Governance (“ESG”), climate and sustainability issues, utilizing blockchain, machine learning and data analysis technology to lead change and increase transparency in corporate social responsibility and climate action, today announced that on January 27, 2025, the underwriters of its previously announced initial public offering (the “Offering”) have exercised their over-allotment option (the “Over-Allotment Option”) in full and purchased an additional 337,500 ordinary shares of the Company at the public offering price of
The Offering was conducted on a firm commitment basis. The Company intends to use the proceeds from the Offering for working capital and general corporate purposes.
Dominari Securities, LLC acted as the representative of the underwriters to the Offering, and Revere Securities LLC was a co-underwriter. Loeb & Loeb LLP acted as U.S. and Hong Kong counsel to the Company, and Robinson & Cole LLP acted as U.S. counsel to Dominari Securities LLC and Revere Securities LLC in connection with this Offering.
A registration statement on Form F-1 (File No. 333-282027) was filed with the Securities and Exchange Commission (“SEC”) and was declared effective by the SEC on December 20, 2024. A final prospectus relating to the Offering was filed with the SEC on January 23, 2025 and available on the SEC’s website at www.sec.gov. Electronic copies of the final prospectus relating to this Offering may be obtained from Dominari Securities LLC, 725 5th Ave, 23rd Floor, New York, NY 10022, Telephone: (212) 393-4500; Email: investmentbanking@dominarisecurities.com.
Before you invest, you should read the registration statement (including the post-effective amendment) and the preliminary prospectus contained therein, the final prospectus and other documents the Company has filed or will file with the SEC for more complete information about the Company and the Offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Diginex Limited
Diginex Limited is a Cayman Islands exempted company incorporated under the laws of the Cayman Islands in 2024, with subsidiaries located in Hong Kong, United Kingdom and United States of America. Diginex Limited conducts operations through its wholly owned subsidiary Diginex Solutions (HK) Limited, a Hong Kong corporation (“DSL”) and DSL is the sole owner of (i) Diginex Services Limited, a corporation formed in the United Kingdom and (ii) Diginex USA LLC, a limited liability company formed in the State of Delaware. DSL commenced operations in 2020, is headquartered in Hong Kong, and is a software company that empowers businesses and governments to streamline ESG, climate, and supply chain data collection and reporting. DSL is an impact technology business that helps organizations to address the some of the most pressing ESG, climate and sustainability issues, utilizing blockchain, machine learning and data analysis technology to lead change and increase transparency in corporate social responsibility and climate action.
Diginex’s products and services solutions enable companies to collect, evaluate and share sustainability data through easy-to-use software For more information, please visit the Company’s website: https://www.diginex.com/.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company's Offering and the use of proceeds. 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, including the expectation that the Offering will be successfully completed. 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. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, 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 in the Company's registration statement and other filings with the SEC.
For investor and media inquiries, please contact:
Diginex
Investor Relations
Email: ir@diginex.com
Jackson Lin
Lambert by LLYC
Phone: +1 (646) 717-4593
Email: jian.lin@llyc.global
FAQ
How much additional capital did DGNX raise from the over-allotment option exercise?
What are the total gross proceeds from DGNX's IPO including the over-allotment?
When did DGNX begin trading on the Nasdaq Capital Market?
What is the intended use of DGNX's IPO proceeds?
What was the IPO price per share for DGNX?
