Latest news with #dueDiligence
Yahoo
2 days ago
- Business
- Yahoo
Diginex Announces extension of Resulticks MOU
LONDON, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Diginex Limited ('Diginex' or the 'Company') (NASDAQ: DGNX), a leading provider of Sustainability RegTech solutions, today announced that, by mutual consent, the Company and Resulticks Global Companies Pte. Limited have agreed to extend the due diligence period, provided for in the Memorandum of Understanding, dated 5 June 2025, executed by the parties, from 31 July 2025 until 31 August 2025. With most material due diligence completed the extension will allow the parties sufficient time to complete the definitive agreement. About Diginex Diginex Limited (Nasdaq: DGNX; ISIN KYG286871044), headquartered in London, is a sustainable RegTech business that empowers businesses and governments to streamline ESG, climate, and supply chain data collection and reporting. The Company utilizes blockchain, AI, machine learning and data analysis technology to lead change and increase transparency in corporate regulatory reporting and sustainable finance. Diginex's products and services solutions enable companies to collect, evaluate and share sustainability data through easy-to-use software. The award-winning diginexESG platform supports 19 global frameworks, including GRI (the 'Global Reporting Initiative'), SASB (the 'Sustainability Accounting Standards Board'), and TCFD (the 'Task Force on Climate-related Financial Disclosures'). Clients benefit from end-to-end support, ranging from materiality assessments and data management to stakeholder engagement, report generation and an ESG Ratings Support Service. For more information, please visit the Company's website: About ResulticksResulticks is a leading provider of AI-powered, omnichannel customer engagement and data management solutions. Its platform enables businesses to deliver personalized experiences through real-time data analytics and automation, serving clients across industries in North America, Asia, and the Middle East. Resulticks is headquartered in New York, with additional offices in India, Singapore, and Dubai. For more information, please visit the Resulticks website: Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements of historical facts are 'forward-looking statements'. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as 'approximates,' 'believes,' 'hopes,' 'expects,' 'anticipates,' 'estimates,' 'projects,' 'intends,' 'plans,' 'will,' 'would,' 'should,' 'could,' 'may' or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements in this press release include statements regarding the timing and completion (including the ability to meet the required closing conditions) of the contemplated transaction and the potential value to shareholders. Each of these forward-looking statements involves risks and uncertainties that could cause the Company's future results or performance to differ materially from those expressed or implied by the forward-looking statements. Many factors may cause differences between current expectations and actual results. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect new information, subsequent occurring events or circumstances, changes in its expectations or otherwise, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable as of the date of this press release, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results disclosed in the Company's filings with the SEC. Investor Contact DiginexInvestor RelationsEmail: ir@ IR Contact - EuropeAnna HöffkenPhone: +49.40.609186.0Email: diginex@ IR Contact - USJackson LinLambert by LLYCPhone: +1 (646) 717-4593Email: IR Contact - AsiaShelly ChengStrategic Financial Relations +852 2864 4857Email: sprg_diginex@
Zawya
10-07-2025
- Business
- Zawya
Qatar's MoCI warns against unlicensed investment activities
Doha, Qatar: The Ministry of Commerce and Industry (MoCI) on Wednesday issued a warning to all investors, citizens, and residents in Qatar regarding the risks of engaging in any investment activities, signing contracts, or transferring funds to companies or entities claiming to offer investment opportunities without first verifying their legal status and commercial registrations. The Ministry clarified that any unlicensed party is not legally authorized to carry out fundraising activities or provide investment services to the public, and that engaging with such entities exposes investors to significant legal and financial risks. The Ministry further stressed the importance of conducting thorough due diligence to verify the legitimacy and licensing status of any individual or entity prior to entering into any agreements or transactions. For inquiries or to verify the legal status of investment providers, the public is encouraged to contact the Ministry through its official channels. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Telegraph
07-07-2025
- Business
- Telegraph
Reform did ‘zero' checks on suspended MP, admits Farage
Reform UK did 'zero' due diligence on James McMurdock before he was elected as an MP, Nigel Farage has admitted. The MP for South Basildon and East Thurrock left the party on Saturday amid allegations surrounding his 'business propriety' during the pandemic. The Reform party leader said that there had been no due diligence conducted prior to Mr McMurdock's selection, but that the party had since 'professionalised' its vetting process. He told LBC: 'There was no due diligence on him at all. Zero. I mean, I inherited this. 'I said after the general election last year that I'd put proper professional vetting in place. I've done that. 'We fielded more candidates than anybody on May 1. There was hardly any arguments at all.' He added: 'I can't verify the future of everybody going ahead, but have we now professionalised the party to stop this sort of thing ever happening again? Yes.' Mr Farage also refused to rule out Mr McMurdock's return to the party pending the outcome of any party investigations into the claims. The Sunday Times alleged that Mr McMudock borrowed £70,000 for two businesses under the Government's Bounce Back loan scheme during the Covid-19 pandemic. It reported that Jam Financial Limited, one of Mr McMurdock's firms, allegedly received £50,000 in 2020, the largest loan available for medium-sized businesses with an annual turnover of more than £200,000. Gym Live Health and Fitness Limited, another of Mr McMurdock's businesses, allegedly took out a £20,000 loan in 2020, which would have required an annual turnover of more than £100,000. Jam Financial Limited allegedly had no employees and negligible assets until the pandemic, and Gym Live Health and Fitness Limited was also dormant until Jan 31 2020. Mr McMurdock said in a statement on X that 'all my business dealings had always been conducted fully within the law and in compliance with all regulations'. He added that he asked for the whip to be suspended as a 'precautionary measure' and 'for the protection of Reform UK'. Statement from James McMurdock. Thursday evening I received a phone call from a journalist who followed an extremely aggressive and clumsy line of questioning where he confused assets, profit, and turnover. He confirmed that the phone call was off the record and I advised him… — James McMurdock MP (@JamesReform) July 5, 2025 Mr McMurdock unexpectedly won his Essex seat at last year's election, securing a majority of just 98 over Labour. Shortly after his win, reports emerged about a historic conviction for assaulting a former girlfriend. Earlier on Monday, Mr Farage warned Reform councillors that they must behave with 'integrity'. He told Kent county council members that 'behaving with integrity is a responsibility upon all of you' but said that this did not mean they should be 'stuffed shirts'. The local authority is the largest that Mr Farage's party controls, after Reform made sweeping gains at the local elections in May. Zia Yusuf was brought into Reform last summer as the party chairman, who would be responsible for the professionalisation of the party. Last month, Mr Yusuf dramatically resigned from the party, announcing on X: 'I no longer believe working to get a Reform government elected is a good use of my time, and hereby resign the office.' He returned to the party just two days later, saying that his decision to quit had been 'born of exhaustion'. Mr McMurdock is the second MP to have left the party since last year's election. The party expelled Rupert Lowe in March over allegations of workplace bullying and threats against its chairman, which he has strongly denied.
Forbes
03-07-2025
- Business
- Forbes
IP Due Diligence: The Make-Or-Break Factor In Modern M&A
Dr. Keegan Caldwell is the founder and global managing partner of Caldwell. As innovation cycles accelerate and technology convergence increases, intellectual property has become a powerful driver of major corporate acquisitions. For example, when Johnson & Johnson acquired Shockwave Medical for $13.1 billion in 2024, the deal's success hinged on extensive intellectual property due diligence spanning a portfolio of significant patents. Chief among them: Shockwave Medical's innovative intravascular lithotripsy technology—a strategic fit, as J&J has been seeking to expand its cardiovascular portfolio into high-growth segments. For companies engaging in mergers, acquisitions or strategic partnerships, understanding the intricacies of IP due diligence is essential for protecting value and avoiding costly oversights. A recent analysis of 40,000 M&A deals over the past 40 years revealed that between 70% and 75% failed due to inadequate pre-deal analysis and misaligned objectives. Add increased regulatory scrutiny, which has delayed many major global acquisitions, and patent litigation costs—estimations in the U.S. are around $3.5 million per patent litigated—and we reach a crucial reality: Thorough IP due diligence can determine not just the success of a transaction but your company's future market position. The Complexities Of IP Due Diligence Our modern business environment is interconnected, which means thorough due diligence requires a comprehensive analysis of ownership chains, licensing agreements and potential infringement risks across multiple jurisdictions. Without a detailed and multifaceted approach, companies risk failing to discover IP complications ranging from gaps in patent coverage to undisclosed third-party rights that could impact commercialization plans. All this complexity multiplies when dealing with software and digital innovations, where IP rights often overlap. Take artificial intelligence, which has impacted nearly every sector—aerospace and defense, the consumer industry, pharmaceuticals, finance and more. To put this in perspective, Bank of America recently announced that its patent portfolio now includes nearly 1,100 AI and machine learning patents and pending applications (half of which have been granted), marking a 94% increase in just two years. With technology like AI, a single product might incorporate hundreds of patents, copyrights and trade secrets, making thorough due diligence increasingly challenging but that much more essential. This rapid innovation cycle means companies must scrutinize not just existing IP rights but also pending applications and potential future claims that could affect product development and market access. The types of transactions requiring rigorous IP due diligence have also expanded beyond traditional M&A. Joint ventures, technology licensing agreements, and even routine supplier contracts now demand careful IP examination. For example, though Tesla opened its patent portfolio for "good faith" use by others, innovators seeking to implement Tesla's technology still need extensive due diligence to understand the implications and limitations of this open-source access. Impact On Valuations And Deal Dynamics Recent estimates demonstrate that the global value of intangible assets like IP rights has grown rapidly in recent years, exceeding $62 trillion to date. And importantly, intangible assets now comprise 90% of the value of companies in the S&P 500. Thus, the impact of IP due diligence findings on deal valuations can be dramatic. When Cisco acquired Splunk for $28 billion last year, a compelling reason for Cisco's interest was Splunk's sophisticated data analytics technology, capable of expanding and enhancing Cisco's existing security infrastructure. This strategic alignment of IP portfolios helps reposition Cisco to compete more effectively in the enterprise security market, particularly against Microsoft, its key competitor. As we've seen time and time again, these types of technological synergies, discovered during thorough IP due diligence, often justify significant acquisition premiums. Equally as dramatic is potential derailment, and Foxconn's 2016 acquisition of Sharp comes to mind. This massive deal experienced months of turbulence following the discovery of previously undisclosed liabilities at Sharp. As a result, Foxconn—the world's top electronics contract manufacturer—slashed its acquisition offer by almost $900 million. Strategic Approaches To IP Due Diligence Given that the typical application remains pending for 36 months or more, overlooking IP issues can jeopardize years of R&D investment and market opportunities. That's why successful companies typically evaluate IP portfolios using a multi-factor framework that considers market coverage, enforceability and competitive positioning. Keep in mind that this analysis becomes particularly crucial in cross-border transactions, where IP rights and enforcement mechanisms vary significantly by jurisdiction. A strategic approach to IP due diligence starts with assembling the right team: legal counsel specializing in IP law, technical experts who understand the underlying innovations and financial analysts who can quantify findings. Essential components of effective IP due diligence include a thorough ownership analysis, assessment of IP validity and enforceability and evaluation of potential infringement risks. Overall, a robust due diligence checklist should cover: • Patent and trademark searches across relevant jurisdictions • Analysis of licensing agreements and technology transfer contracts • Review of IP-related litigation history • Assessment of trade secret protection measures • Examination of research and development documentation Companies should also verify that all inventors have properly assigned their rights and that all maintenance fees and renewals are current, as oversights in these areas can greatly and adversely affect technology transactions. Remember that the average IP due diligence process for major transactions takes several months, though this can vary depending on the technologies involved, availability of data and other external factors. Regardless, for optimal results, companies should begin IP due diligence early in the transaction process—ideally before signing letters of intent. Ultimately, this proactive positioning allows for a thorough investigation and can even provide leverage in negotiations. Value Through Strategic IP Due Diligence According to PWC, 60% of CEOs plan to make at least one acquisition in the next three years. This, along with technology acceleration and shortened innovation cycles, highlights the importance of thorough IP due diligence. And while we're seeing this across sectors, the stakes are particularly high in emerging fields like artificial intelligence, quantum computing and biotechnology, where IP assets often represent the majority of a company's value. Success in modern business transactions requires treating IP due diligence as a strategic imperative. Companies that approach IP due diligence systematically, engage specialized expertise early, and maintain robust documentation will be better positioned to navigate complex transactions and emerge successfully. Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?
Argaam
26-06-2025
- Business
- Argaam
Rasan terminates MoU for Holoul Financing acquisition
Rasan Information Technology Co. terminated its non-binding memorandum of understanding (MoU) with Holoul Financing for Financial Technology, a limited liability company. The decision to end the agreement was made after both parties reviewed preliminary findings from technical due diligence, Rasan said in a statement to Tadawul. It added that the costs of due diligence advisors for the technical, financial, and legal areas amounted to SAR 270,000. According to Argaam data, Rasan had signed the MoU in February to acquire a 55% stake in Holoul Financing.
