Big Technologies PLC (LON:BIGB) stock surges 14.4% on Monday after announcing a full and final settlement of the Buddi Litigation, resolving significant uncertainty that had been hanging over the company.

The electronic monitoring solutions provider will pay a total of £38.5 million to settle claims from former Buddi Limited shareholders who alleged they were wrongly forced to sell their shares during Big Technologies’ 2018 acquisition of Buddi.

The settlement includes an immediate payment of £31.5 million with the remaining £7 million to be paid in monthly installments over 18 months.

Big Technologies had previously set aside £35 million for the litigation as of June 30, 2025. After making the initial settlement payment, the company would have had cash balances of £61.9 million as of December 31, 2025.

The litigation, filed in 2023, involved shareholders representing approximately 7.9% of Buddi who claimed they were either forced to sell their shares or induced by misrepresentation, and were not given the opportunity to reinvest in Big Technologies.

Separately, the company continues mediation with Sara Murray and associated parties regarding separate proceedings, hoping to reach a consensual outcome without further litigation.

“Today’s settlement is a positive outcome to the protracted Buddi Litigation which draws a line under the significant uncertainty that the Group has faced,” said Sangita Shah, Big Technologies Interim Chair.