Diginex signs MOU to acquire Matter DK in $13M transaction

Diginex (DGNX) announced the signing of a memorandum of understanding dated for an all-share acquisition of Matter DK. Matter is based in Copenhagen, Denmark, and their largest shareholder is Nasdaq, followed by the founding management team who will remain with the business following the closing of the acquisition pursuant to multi-year employment agreements. The MOU values the equity of Matter at $13M which will be paid through the issuance of Diginex ordinary shares valued at the 60-trading day trailing VWAP as of 23, and will subject to an 18-month lock-up period. This strategic acquisition aims to enhance Diginex’s portfolio by integrating Matter’s advanced ESG data analytics, benchmarking and reporting capabilities.