## Reality check on the “Resulticks reseller / $40m” headline (vs. what’s actually been disclosed) In the most recent SEC materials I reviewed, I **did not** find a disclosure describing a *strategic reseller agreement with Resulticks* that targets **US$40 million** of cumulative revenue over four years. Instead, Diginex’s latest disclosures reference **(i)** an ongoing *potential acquisition* of Resulticks and **(ii)** related financing discussions. ["Resulticks Global Companies Pte. Limited Transaction"](0001493152-26-005657|0) ["continues its dialogue with debt financing providers"](0001493152-26-004849|3) ## The “between-the-lines” alpha: Resulticks is framed as a transformational data/AI layer—not a channel partnership Diginex describes signing an MOU to acquire Resulticks at a **$2.0 billion** valuation with a structured consideration package (stock, cash, and performance-based earnout tied to audited EBITDA thresholds). ["values Resulticks at $2 billion"](0001493152-26-005657|0) ["EBITDA Threshold"](0001493152-26-005657|0) What’s easy to miss: management explicitly positions Resulticks as a capability upgrade in **advanced data management and AI**, with an intent to enhance Diginex’s “data-driven client solutions” footprint—i.e., a step-change in product scope and (potentially) customer budget capture, if executed. ["real-time, AI-driven customer engagement"](0001493152-26-005657|0) ["enhance Diginex’s capabilities in advanced data management and artificial intelligence"](0001493152-26-005657|0) ## “Proof of intent” capital: Diginex already funded Resulticks (and is still working the financing) Beyond the headline MOU language, Diginex discloses it entered into a **funding agreement up to $11 million**, and that **$8 million had been advanced** as of the date of the annual report—real money that signals the relationship is more than exploratory. ["funding of up to $11,000,000"](0001493152-26-005657|0) ["advanced $8 million"](0001493152-26-005657|0) Separately, the more recent “Resulticks Update” language indicates Diginex is still in dialogue with debt financing providers to finalize terms for the definitive acquisition agreement, explicitly noting there is no assurance of a signed definitive agreement or closing. ["continues its dialogue with debt financing providers"](0001493152-26-004849|3) ["no assurance that the parties will ultimately execute"](0001493152-26-004849|3) ## The setup around the core ESG platform: leadership + product broadening in Europe In a February 2026 exhibit, Diginex announced the appointment of **Lubomila Jordanova** (founder/former CEO of Plan A) as CEO, following Diginex’s acquisition of Plan A, and framed this as accelerating “strategic acquisitions” and global expansion—particularly Europe. ["Appoints Lubomila Jordanova as CEO"](0001493152-26-005713|1) ["appointment follows the acquisition of Plan A"](0001493152-26-005713|1) The company also frames the combined market opportunity as large (citing an ESG/carbon accounting software market projected to reach **$80–100 billion by 2030** in its communications), reinforcing why management is leaning into “platform” language rather than point-solution positioning. ["projected to reach $80–100 billion by 2030"](0001493152-26-005713|1) **Bottom line for interpreting “up >25% premarket” (your note):** the latest disclosures don’t read like a simple reseller-win; they read like the market reacting to a higher-beta narrative—**platform consolidation + AI/data capability expansion + tangible funding already out the door**—with the key swing factor being whether the Resulticks transaction gets definitively papered and financed. ["provide Resulticks with funding"](0001493152-26-005657|0) ["final terms and financing"](0001493152-26-004849|3)

## Reality check on the “Resulticks reseller / $40m” headline (vs. what’s actually been disclosed) In the most recent SEC materials I reviewed, I **did not** find a disclosure describing a *strategic reseller agreement with Resulticks* that targets **US$40 million** of cumulative revenue over four years. Instead, Diginex’s latest disclosures reference **(i)** an ongoing *potential acquisition* of Resulticks and **(ii)** related financing discussions. ["Resulticks Global Companies Pte. Limited Transaction"](0001493152-26-005657|0) ["continues its dialogue with debt financing providers"](0001493152-26-004849|3) ## The “between-the-lines” alpha: Resulticks is framed as a transformational data/AI layer—not a channel partnership Diginex describes signing an MOU to acquire Resulticks at a **$2.0 billion** valuation with a structured consideration package (stock, cash, and performance-based earnout tied to audited EBITDA thresholds). ["values Resulticks at $2 billion"](0001493152-26-005657|0) ["EBITDA Threshold"](0001493152-26-005657|0) What’s easy to miss: management explicitly positions Resulticks as a capability upgrade in **advanced data management and AI**, with an intent to enhance Diginex’s “data-driven client solutions” footprint—i.e., a step-change in product scope and (potentially) customer budget capture, if executed. ["real-time, AI-driven customer engagement"](0001493152-26-005657|0) ["enhance Diginex’s capabilities in advanced data management and artificial intelligence"](0001493152-26-005657|0) ## “Proof of intent” capital: Diginex already funded Resulticks (and is still working the financing) Beyond the headline MOU language, Diginex discloses it entered into a **funding agreement up to $11 million**, and that **$8 million had been advanced** as of the date of the annual report—real money that signals the relationship is more than exploratory. ["funding of up to $11,000,000"](0001493152-26-005657|0) ["advanced $8 million"](0001493152-26-005657|0) Separately, the more recent “Resulticks Update” language indicates Diginex is still in dialogue with debt financing providers to finalize terms for the definitive acquisition agreement, explicitly noting there is no assurance of a signed definitive agreement or closing. ["continues its dialogue with debt financing providers"](0001493152-26-004849|3) ["no assurance that the parties will ultimately execute"](0001493152-26-004849|3) ## The setup around the core ESG platform: leadership + product broadening in Europe In a February 2026 exhibit, Diginex announced the appointment of **Lubomila Jordanova** (founder/former CEO of Plan A) as CEO, following Diginex’s acquisition of Plan A, and framed this as accelerating “strategic acquisitions” and global expansion—particularly Europe. ["Appoints Lubomila Jordanova as CEO"](0001493152-26-005713|1) ["appointment follows the acquisition of Plan A"](0001493152-26-005713|1) The company also frames the combined market opportunity as large (citing an ESG/carbon accounting software market projected to reach **$80–100 billion by 2030** in its communications), reinforcing why management is leaning into “platform” language rather than point-solution positioning. ["projected to reach $80–100 billion by 2030"](0001493152-26-005713|1) **Bottom line for interpreting “up >25% premarket” (your note):** the latest disclosures don’t read like a simple reseller-win; they read like the market reacting to a higher-beta narrative—**platform consolidation + AI/data capability expansion + tangible funding already out the door**—with the key swing factor being whether the Resulticks transaction gets definitively papered and financed. ["provide Resulticks with funding"](0001493152-26-005657|0) ["final terms and financing"](0001493152-26-004849|3)