7 stories mentioning ASX:NXLUpdated 21d ago
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Nuix (ASX:NXL) said 623,857 fully paid ordinary shares will be released from voluntary escrow on Aug. 1, according to a Tuesday filing with the Australian bourse.The shares were issued to the vendors as part of the consideration for the company's acquisition of Rampiva, and their release from escrow will not affect the company's total shares on issue, the filing added.
Nuix (ASX:NXL) received notice that AMP (ASX:AMP) and its affiliates became a substantial holder of the company on Wednesday, according to a Friday filing with the Australian bourse.AMP now owns 17.1 million shares in the company, representing 5.06% of the issued shares, the filing said.Nuix's shares rose 3% in recent Friday trade, while AMP fell about 2%.
Nuix (ASX:NXL) said the Australian Securities and Investments Commission (ASIC) appealed the Federal Court's dismissal of a disclosure obligations case the regulator had brought against the company, according to a Friday filing with the Australian bourse.The court in April dismissed the regulator's claim that Nuix made misleading or deceptive financial guidance disclosures to the market in 2021.Nuix said it will contest the appeal when it is heard by the full Federal Court.
Nuix (ASX:NXL) appointed John Ruthven as permanent chief executive, effective Monday, according to a same-day Australian bourse filing.Ruthven served as interim CEO from November 2025, the filing added.
The judgment in a Federal Court case largely removes the regulatory overhang for Nuix (ASX:NXL), removing a major source of uncertainty for the stock, Jefferies said in a Thursday note.Australia's Federal Court on Thursday dismissed the Australian Securities and Investments Commission's (ASIC) claim that Nuix made misleading or deceptive financial guidance disclosures to the market in 2021, finding no wrongdoing by management or directors. The regulator has 28 days to appeal the ruling.A shareholder class action remains ongoing in Victoria and is currently expected to proceed to court in August. Nuix has indicated it intends to defend the case in court.The investment firm maintained its buy rating and assigned a price target of AU$2.20 per share.
Nuix (ASX:NXL) shares advanced nearly 12% in recent Friday trade after Australia's Federal Court on Thursday dismissed the Australian Securities and Investments Commission's (ASIC) disclosure obligations case against the company.The court dismissed the regulator's claim that Nuix made misleading or deceptive financial guidance disclosures to the market in 2021.The court ruled that the company had reasonable grounds to issue the guidance in question, and ordered the ASIC to cover Nuix's legal costs.
Nuix's (ASX:NXL) fiscal year 2026 to fiscal year 2028 revenue and earnings estimates were increased by 3% to 6% to reflect the addition of Linkurious, Jefferies said in a note on Tuesday.Nuix's Linkurious acquisition was completed broadly in line with expectations. Despite drawing AU$20 million of debt, the firm is expected to remain in a net cash position.Jefferies acknowledged the potential cross-sell opportunities and technology enhancements following the acquisition, but added that it was too early to incorporate these into its forecasts.The investment firm maintained a buy rating on Nuix and a price target of AU$2.20 per share.
