China Keli Electric reverses into DGEN, moves to CSE listing
What's the deal? China Keli Electric CompanyDealroom has a profile for this one. Try Dealroom → has completed its acquisition of DGEN Financial Holdings Corp.Dealroom has a profile for this one. Try Dealroom → and renamed itself DGEN Technologies Corp.Dealroom has a profile for this one. Try Dealroom → The deal closed on October 14, 2026, under a share exchange agreement first struck on December 9, 2025. DGEN is now a wholly owned subsidiary.
The terms: The company issued 9,550,360 common shares and 7,000,360 warrants to former DGEN shareholders. Each warrant lets the holder buy one share at 25 cents until October 14, 2028. The combined entity now has 29,161,364 shares and 7,000,360 warrants outstanding.
What's the endgame? DGEN is a Vancouver-based company building a cloud-based payment platform that unifies point-of-sale, kiosk, and mobile systems. The platform is in beta and operational, but has not been commercialised or generated revenue.
Why now? The transaction functions as a path to public markets. The company has filed a CSE Form 2A listing statement and received conditional approval to list on the Canadian Securities Exchange. It has delisted from the TSX Venture Exchange ahead of trading under the symbol DGEN, expected on or about October 20, 2026.
Who's in charge? Cole Goodwin leads as chief executive officer and director, with Philip Lo as chief financial officer and corporate secretary. Goodwin brings over 10 years in investment markets, financial technology, and corporate operations, including a stint as chief operating officer of Hyper Bit TechnologiesDealroom has a profile for this one. Try Dealroom →.
What could go wrong? The platform has yet to earn a dollar. At listing, 2,496,000 shares and one million warrants held by related persons will sit in escrow under a 36-month release schedule.
The signal: The reverse-takeover structure gives an early-stage payments startup a public listing without a traditional IPO — a familiar route onto Canadian junior exchanges for pre-revenue technology firms seeking capital and visibility.
Read more: stockwatch.com
Image credit: Generated with Gemini
