Diginex signs agreement for all-share acquisition of Matter for $83.77 per share

Diginex (DGNX) announced the signing of a definitive agreement for an all-share acquisition of Matter DK ApS, an ESG data company focused on delivering sustainability data and analytics solutions to the investment industry. Matter is based in Copenhagen, Denmark, and counts a subsidiary of NASDAQ as its main strategic investor. The transaction values the equity of Matter at $13 million, which will be paid through the issuance of Diginex ordinary shares valued at $83.77 per ordinary share, which shares are subject to an 18-month lock-up period. In connection with the transaction, senior management of Matter will be granted ordinary shares of Diginex valuted at $2.5 million, also valued at $83.77 per ordinary share, that vest in equal proportions over 12 and 24 months. The transaction is expected to close later within the next quarter, subject to customary closing conditions.