The upcoming Resulticks acquisition closing (by Oct 30, 2026) is the key catalyst — if completed, it will massively dilute existing holders (600M new shares) but also eliminate the 51% warrant overhang. The recent insider selling at ~$1.43-1.46 suggests limited near-term conviction; monitor deal conditions and any further insider transactions.
Price Chart
Executive Summary
Rhino Ventures Limited and Miles Pelham filed Amendment No. 7 to their Schedule 13D, disclosing a 39.2% beneficial ownership stake in Diginex Ltd as of September 24, 2026, based on 32,355,003 ordinary shares underlying warrants exercisable within 60 days. The filing details the planned termination and cancellation of the 51% Warrant, Outstanding IPO Warrants, RSUs, and PSUs in exchange for 40 million newly issued ordinary shares at the closing of the $1.05 billion Resulticks acquisition, expected by October 30, 2026. The reporting persons also reported open-market sales of 1,035,107 ordinary shares in September 2026, raising questions about near-term conviction.
Key Financial Metrics
Key Facts
- Rhino Ventures and Miles Pelham beneficially own 32,355,003 ordinary shares (39.2%) via warrants exercisable within 60 days.
- Issuer had 50,205,889 ordinary shares outstanding as of September 24, 2026.
- In September 2026, Rhino Cayman sold 731,707 shares for ~$1.06M; Pelham sold 303,400 shares for ~$433,902.
- The $1.05B Resulticks acquisition (600M new shares at $1.75/share) is expected to close by October 30, 2026.
- At closing, Rhino Cayman will cancel all warrants, RSUs, and PSUs in exchange for 40 million new ordinary shares.
- No purchases of ordinary shares in the past 60 days.
Financial Impact
Insider sold ~$1.5M of stock at ~$1.43-1.46/share in September 2026; the Resulticks deal involves $1.05B in equity consideration.
Risk Factors
- Resulticks acquisition may not close due to conditions; failure would leave the 51% warrant overhang intact.
- Massive dilution from 600M new shares if deal closes — existing holders face severe ownership reduction.
- Insider selling in September 2026 signals potential lack of confidence at current price levels.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13D/A Filing (Primary) | 0001493152-26-045761 |
| Document: 0001493152-26-045761-index-headers.html | 0001493152-26-045761 |
| Document: 0001493152-26-045761-index.html | 0001493152-26-045761 |
| Document: 0001493152-26-045761.txt | 0001493152-26-045761 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 3 | $1.25 | awaiting T+5 | — | $1.32 (+5.60%) |
Oct 9, 2026 17d ago | 6-K | $1.21 $1.30 | ▼ −7.44% | ▼ −8.93% | $1.32 (−9.09%) |
Oct 7, 2026 19d ago | 6-K | $1.21 $1.16 | ▲ +4.13% | ▲ +3.86% | $1.32 (−9.09%) |
Oct 5, 2026 20d ago | SC 13D/A | $1.29 $1.23 | ▼ −4.65% | ▼ −4.51% | $1.32 (+2.33%) |
Sep 24, 2026 4w ago | 6-K | $1.35 $1.28 | ▼ −5.19% | ▼ −4.96% | $1.32 (−2.22%) |
Sep 4, 2026 7w ago | 6-K | $1.60 $1.40 | ▲ +12.50% | ▲ +11.38% | $1.32 (+17.50%) |
Aug 13, 2026 10w ago | Press Release | $1.32 $1.28 | ▲ +3.03% | ▲ +1.66% | $1.32 (−0.00%) |
Aug 7, 2026 11w ago | 6-K | $1.74 $1.21 | ▲ +30.26% | ▲ +30.21% | $1.32 (+23.92%) |
Jul 6, 2026 16w ago | Press Release | $1.13 $1.19 | ▼ −5.31% | ▼ −4.82% | $1.32 (−16.81%) |
May 29, 2026 21w ago | 6-K | $1.16 $1.00 | ▲ +13.79% | ▲ +11.04% | $1.32 (−13.79%) |
US Market Status
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