What is the timeline for completing the transaction and any associated earnâout or contingent payments?
Timeline & Earnâout Details
The press release only states that Diginex and Findings have signed a nonâbinding Memorandum of Understanding (MOU). By definition, an MOU does not set a firm closing date; the parties still must complete dueâdiligence, obtain board and shareholder approvals, and satisfy any required regulatory clearances (e.g., UKâŻFCA, Nasdaq, and possibly foreignâinvestment reviews). In comparable crossâborder cyberâsecurity deals, the typical window from MOU signing to transaction close ranges from 3âŻtoâŻ6âŻmonths. Given the AugâŻ12âŻ2025 announcement, market participants can reasonably expect the acquisition to be finalized by Q4âŻ2025, assuming no material obstacles arise.
The release does not disclose any earnâout or contingentâpayment provisions. Because the MOU is nonâbinding and no financial terms beyond the headline USâŻ$305âŻmillion valuation are provided, there is no publiclyâavailable information on whether the purchase price will include performanceâbased earnâout components, sellerâholdâbacks, or contingent milestones. Until a definitive acquisition agreement is signedâwhere such terms would be negotiated and disclosedâtraders should treat the deal as a straightâforward cash purchase with the full price payable at closing.
Trading Implication: With the timeline still openâended and no earnâout risk identified, the market is likely to price in the acquisition premium on Diginexâs equity over the next few weeks. Any delay in moving from MOU to a binding agreement (e.g., extended dueâdiligence or regulatory holdâups) could create shortâterm volatility, while the absence of contingent payments reduces downside risk for Diginexâs shareholders once the deal closes. Traders can therefore focus on Diginexâs current valuation, liquidity, and sectorâmomentum rather than speculative earnâout exposure.