ASX:SKK

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Stakk Completes $63 Million Acquisition; Shares Up 18%

Stakk (ASX:SKK) completed the $63 million cash and scrip acquisition of US-based ParaScript and ParaScript Management, according to a Thursday filing with the Australian bourse.The company delivered the consideration amount with $25 million in cash, $18 million in shares and $20 million in the form of a secured, interest-bearing seller note, funded through a combination of existing cash, new equity capital, consideration shares, and deferred vendor funding, the filing said.The company expects roughly AU$55.2 million in revenue and AU$18.5 million in earnings before interest, taxes, depreciation, and amortization in the current financial year, per the filing.Stakk shares rose 18% in morning trade Thursday.

ASX:SKK

Asia73d ago

Stakk to Acquire US-Based Artificial Intelligence Firm for $63 Million Total Consideration

Stakk (ASX:SKK) entered into a definitive agreement to acquire US-based ParaScript and ParaScript Management for cash, scrip, and deferred payment consideration of $63 million, according to a Monday Australian bourse filing.The transaction remains subject to shareholder and other approvals, as well as customary closing conditions.The total consideration comprises $25 million payable in cash at completion, $19 million payable in fully paid ordinary shares in Stakk, to be issued at an implied issue price of AU$0.022 per share, and $19 million payable as deferred cash consideration over four years following completion.Stakk secured firm commitments received for a AU$27 million institutional placement, which will partly fund the acquisition. Directors and management are subscribing to AU$5 million of the placement.Stakk's shares fell 1% in recent trading on Monday.`

ASX:SKK

Asia107d ago

Stakk Confirms Recent Trading in Securities Linked to the US Unit's New Customer Contract

Stakk (ASX:SKK) confirmed that recent trading in its securities from a high of AU$0.019 from the close of trade Sunday to a high of AU$0.025 on Monday is tied to a new customer contract entered into by its US subsidiary, which was signed over the weekend and disclosed recently, according to a Tuesday filing with the Australian bourse.In its response to the ASX price and volume query letter, the company said it withheld the information from the market using Listing Rule 3.1A, which permits delayed disclosure for incomplete proposals or confidential negotiations, until the contract signing was announced.The company prepared an announcement and sought board approval for its release following the contract execution over the weekend, disclosing it at the first possible opportunity after finalization and approval, per the filing.

ASX:SKK

Asia107d ago

Stakk's Unit Secures New US Enterprise Customer, Annualized Revenue Run Rate Rises to AU$26 Million

Stakk's (ASX:SKK) US Unit, Stakk IQ, secured another enterprise customer expected to contribute nearly AU$3.9 million in annual revenue, with the annualized revenue run rate increasing to about AU$26 million, according to a Tuesday Australian bourse filing.The company said the first quarterly payment is expected before June 30, and will be reflected in its fiscal year 2026 cash position, with the deployment expanding Stakk's AI-native digital trust infrastructure further into healthcare-related identity, credential validation, and access workflows.

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