Diginex Ltd. said on Thursday it is still assessing the proposed acquisition of Resulticks, a digital marketing technology provider, after providing an update on the deal's progress.
The blockchain-focused firm, which trades on the Nasdaq under the ticker EQOS, did not disclose a revised timeline for the transaction, citing ongoing regulatory reviews. Diginex emphasized that the proposed acquisition remains subject to customary closing conditions, including necessary approvals.
Resulticks, a Singapore-based company specializing in AI-driven marketing solutions, would expand Diginex's digital services portfolio if completed. The deal was first announced in November 2023, with Diginex stating at the time that the acquisition would enhance its enterprise blockchain and data analytics capabilities.
Diginex did not provide financial terms for the proposed acquisition in its latest update. The company has not responded to requests for additional details beyond the statement issued on Thursday.
The Nasdaq-listed company has faced volatility in recent months amid broader challenges in the digital asset sector, though its shares have shown resilience following strategic initiatives, including this proposed acquisition.
