Aankondiging • Aug 13
AdNeo Limited has filed a Follow-on Equity Offering in the amount of AUD 1.243731 million. AdNeo Limited has filed a Follow-on Equity Offering in the amount of AUD 1.243731 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 38,822,240
Price\Range: AUD 0.025
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,927,000
Price\Range: AUD 0.025
Transaction Features: Subsequent Direct Listing Aankondiging • Jul 10
AdNeo Limited Announces Company Secretaries Changes, Effective July 8, 2026 AdNeo Limited announced that Mr. Sam Wright and Mr. Thomas May had been appointed as Joint Company Secretaries of the Company, effective July 8, 2026. Mr. Wright is the founding director of Straight Lines Consultancy and has over 20 years' experience advising and serving on the boards of listed companies. He specialises in corporate governance, capital markets transactions and the administration of publicly listed entities, including companies listed on the Australian Securities Exchange, National Stock Exchange of Australia, London Stock Exchange, Canadian Securities Exchange and Deutsche Börse (Frankfurt Stock Exchange). Mr. May is an experienced corporate governance professional with a strong background in financial management, accounting and capital markets. He currently acts as Company Secretary for a number of ASX-listed and unlisted companies, including Resolute Mining Limited, an ASX 200 company dual-listed on the ASX and London Stock Exchange. Ms. Shelby Coleman and Ms. Charly Duffy resigned as Joint Company Secretaries of the Company, effective July 8, 2026. New Risk • Jun 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.8m free cash flow). Negative equity (-AU$2.6m). Earnings have declined by 5.4% per year over the past 5 years. Shareholders have been substantially diluted in the past year (160% increase in shares outstanding). Market cap is less than US$10m (AU$9.13m market cap, or US$6.45m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Aankondiging • Jan 02
Adneo Limited Announces Changes to Its Board, Effective from January 2, 2026 AdNeo Limited announced the appointment of Charly Duffy and Shelby Coleman of cdPlus Corporate Services as joint company secretaries of the Company effective January 2, 2026. Ms Duffy has a Bachelor of Law and Graduate Diploma of Applied Corporate Governance. Charly is a qualified and practising corporate and commercial lawyer with extensive experience in private practice and is the director and principal of cdPlus Corporate Services, a company secretarial services business, and also partner of Coghlan Duffy Lawyers. Charly brings extensive legal experience with a particular focus on equity capital markets, mergers and acquisitions, corporate governance, initial public offerings, secondary capital raisings, business and share sale transactions, takeovers, takeovers panel proceedings, financing, ASIC and ASX compliance and all aspects of general corporate and commercial law. Ms Coleman has broad experience in ASX and ASIC compliance, providing advice on corporate governance and other regulatory matters for ASX listed companies across a range of industries. Ms Coleman holds a Bachelor of Laws and a Bachelor of Arts from Victoria University of Wellington, and is an Affiliate member of the Governance Institute of Australia. The Company advised that Mr. Justin Mouchacca has tendered his resignation as Company Secretary effective from January, 2026. New Risk • Dec 11
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.5m (US$9.63m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.1m free cash flow). Shares are highly illiquid. Negative equity (-AU$2.2m). Earnings have declined by 9.5% per year over the past 5 years. Shareholders have been substantially diluted in the past year (169% increase in shares outstanding). Market cap is less than US$10m (AU$14.5m market cap, or US$9.63m). Minor Risk Revenue is less than US$5m (AU$4.9m revenue, or US$3.2m). Reported Earnings • Oct 04
Full year 2025 earnings released: AU$0.041 loss per share (vs AU$0.002 loss in FY 2024) Full year 2025 results: AU$0.041 loss per share (further deteriorated from AU$0.002 loss in FY 2024). Revenue: AU$4.86m (up 14% from FY 2024). Net loss: AU$5.25m (loss widened 300% from FY 2024). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings. Aankondiging • Sep 27
AdNeo Limited, Annual General Meeting, Nov 21, 2025 AdNeo Limited, Annual General Meeting, Nov 21, 2025. Aankondiging • Sep 10
AdNeo Limited (ASX:AD1) acquired all assets and IP of Aspire Learning Resources for approximately AUD 0.1 million. AdNeo Limited (ASX:AD1) acquired all assets and IP of Aspire Learning Resources for approximately AUD 0.1 million on September 9, 2025.
AdNeo Limited (ASX:AD1) completed the acquisition of all assets and IP of Aspire Learning Resources on September 9, 2025. Reported Earnings • Aug 31
Full year 2025 earnings released: AU$0.041 loss per share (vs AU$0.015 loss in FY 2024) Full year 2025 results: AU$0.041 loss per share (further deteriorated from AU$0.015 loss in FY 2024). Revenue: AU$4.89m (up 15% from FY 2024). Net loss: AU$5.25m (loss widened 300% from FY 2024). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 46% per year, which means it is significantly lagging earnings. Aankondiging • Jun 12
AdNeo Limited has completed a Follow-on Equity Offering in the amount of AUD 5.5 million. AdNeo Limited has completed a Follow-on Equity Offering in the amount of AUD 5.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 88,888,889
Price\Range: AUD 0.045
Discount Per Security: AUD 0.0027
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 33,333,333
Price\Range: AUD 0.045
Discount Per Security: AUD 0.0027
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Board Change • Jun 12
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. CEO & Non-Executive Director Angus Washington was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 15
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. CEO & Non-Executive Director Angus Washington was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 26
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. CEO & Non-Executive Director Angus Washington was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Mar 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.1m free cash flow). Negative equity (-AU$472k). Earnings have declined by 9.1% per year over the past 5 years. Shareholders have been substantially diluted in the past year (63% increase in shares outstanding). Market cap is less than US$10m (AU$7.03m market cap, or US$4.36m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Revenue is less than US$5m (AU$3.3m revenue, or US$2.0m). New Risk • Dec 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 64% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Market cap is less than US$10m (AU$7.08m market cap, or US$4.43m). Minor Risk Revenue is less than US$5m (AU$4.3m revenue, or US$2.7m). Aankondiging • Oct 14
AD1 Holdings Limited, Annual General Meeting, Nov 29, 2024 AD1 Holdings Limited, Annual General Meeting, Nov 29, 2024. Reported Earnings • Aug 31
Full year 2024 earnings released: AU$0.001 loss per share (vs AU$0.012 loss in FY 2023) Full year 2024 results: AU$0.001 loss per share (improved from AU$0.012 loss in FY 2023). Revenue: AU$5.83m (down 9.0% from FY 2023). Net loss: AU$1.31m (loss narrowed 84% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 45% per year, which means it is performing significantly worse than earnings. New Risk • Aug 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 57% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (43% average weekly change). Negative equity (-AU$1.1m). Earnings have declined by 13% per year over the past 5 years. Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Market cap is less than US$10m (AU$6.58m market cap, or US$4.37m). Minor Risk Revenue is less than US$5m (AU$5.1m revenue, or US$3.4m). New Risk • Feb 29
New major risk - Negative shareholders equity The company has negative equity. Total equity: -AU$1.1m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$749k free cash flow). Share price has been highly volatile over the past 3 months (30% average weekly change). Negative equity (-AU$1.1m). Earnings have declined by 13% per year over the past 5 years. Market cap is less than US$10m (AU$4.51m market cap, or US$2.93m). Minor Risks Shareholders have been diluted in the past year (29% increase in shares outstanding). Revenue is less than US$5m (AU$5.6m revenue, or US$3.6m). Reported Earnings • Oct 05
Full year 2023 earnings released: AU$0.012 loss per share (vs AU$0.004 loss in FY 2022) Full year 2023 results: AU$0.012 loss per share (further deteriorated from AU$0.004 loss in FY 2022). Revenue: AU$6.40m (up 6.9% from FY 2022). Net loss: AU$8.01m (loss widened 201% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has fallen by 55% per year, which means it is performing significantly worse than earnings. Aankondiging • Sep 29
AD1 Holdings Limited, Annual General Meeting, Nov 28, 2023 AD1 Holdings Limited, Annual General Meeting, Nov 28, 2023. Agenda: To consider the re-election and appointment of directors. Board Change • Sep 29
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Brendan Kavenagh was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Sep 13
AD1 Holdings Limited Appoints Bijay Alex Mathew as Chief Revenue Officer -Strategic Partnerships & Acquisitions of Art of Mentoring AD1 Holdings Limited announced the appointment of Mr. Bijay Alex Mathew to the role of Chief Revenue Officer -Strategic Partnerships & Acquisitions (CRO-SP&A) of Art of Mentoring (AoM). Over the last year AoM has witnessed significant growth in North America with the signing of multiple new customers including key government departments. The Company believes it is well-positioned to capture further market share and has appointed Mr. Mathew in the newly established role of CRO-SP&A, further strengthening AoM's continued expansion and success in the US market. Bijay, a US citizen and resident, has extensive experience in the region and is a tech industry veteran, with over two decades of leadership experience, most recently as Vice President of Enterprise Sales, Americas at Panopto. He has held sales leadership roles at Chatfuel, Community Brands, and Verizon where he spent 12 years leading retail, SMB, and enterprise sales teams. His appointment allows AoM CEO, Alex Richardson to return to Australia in September once a successful transition has been completed to focus on continued growth and execution of pipeline across the AoM business. Reported Earnings • Sep 01
Full year 2023 earnings released: AU$0.01 loss per share (vs AU$0.004 loss in FY 2022) Full year 2023 results: AU$0.01 loss per share (further deteriorated from AU$0.004 loss in FY 2022). Revenue: AU$8.28m (up 38% from FY 2022). Net loss: AU$5.82m (loss widened 118% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has fallen by 46% per year, which means it is performing significantly worse than earnings. New Risk • Aug 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.6m free cash flow). Market cap is less than US$10m (AU$6.04m market cap, or US$3.91m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (23% increase in shares outstanding). Revenue is less than US$5m (AU$6.5m revenue, or US$4.2m). Board Change • Jul 26
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. MD, CEO & Director Brendan Kavenagh was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 03
First half 2023 earnings released: AU$0.009 loss per share (vs AU$0.003 loss in 1H 2022) First half 2023 results: AU$0.009 loss per share (further deteriorated from AU$0.003 loss in 1H 2022). Revenue: AU$3.86m (up 27% from 1H 2022). Net loss: AU$6.49m (loss widened 203% from 1H 2022). Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 15% per year. Aankondiging • Jan 20
AD1 Holdings Limited Announces Resignation of Andrew Henderson from the Board AD1 Holdings Limited announced that due to personal reasons, Mr. Andrew Henderson has resigned from the Board effective immediately. Board Change • Jan 13
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. MD, CEO & Director Brendan Kavenagh was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. MD, CEO & Director Brendan Kavenagh was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Oct 04
AD1 Holdings Limited, Annual General Meeting, Nov 29, 2022 AD1 Holdings Limited, Annual General Meeting, Nov 29, 2022. Agenda: To approve re-election and appointment of directors. Reported Earnings • Oct 02
Full year 2022 earnings released: AU$0.004 loss per share (vs AU$0.004 loss in FY 2021) Full year 2022 results: AU$0.004 loss per share (in line with FY 2021). Revenue: AU$5.99m (up 12% from FY 2021). Net loss: AU$2.67m (loss widened 20% from FY 2021). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Sep 08
Non-Executive Director recently bought AU$93k worth of stock On the 5th of September, Michael Norster bought around 4m shares on-market at roughly AU$0.025 per share. This transaction amounted to 2.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$272k more in shares than they have sold in the last 12 months. Aankondiging • Aug 31
AD1 Holdings Limited (ASX:AD1) agreed to acquire Scout Talent Group Pty Ltd for AUD 65 million. AD1 Holdings Limited (ASX:AD1) agreed to acquire Scout Talent Group Pty Ltd for AUD 65 million on August 30, 2022. Consideration of AUD 65 million (AUD 18.5 million cash and AUD 46.5 million in scrip) with equity consideration issued at 4.23 cents per share. The Acquisition will be funded through a AUD 25 million capital raising. If the Company is unable to finalize its funding arrangements the Acquisition terms will need to be revisited or terminated. In FY22 the business delivered over AUD 15 million in revenue. We are delighted that the key Board and Management of Scout will be joining AD1. Scout founders, Tudor Marsden-Huggins and Susanne Mather who are strongly aligned with AD1’s culture and values and will remain in the business. Tudor Marsden-Huggins will be appointed to the Board. The Board will also consider the appointment of an additional director nominated by Recruitment Investments Pty Ltd following completion. The Acquisition is subject to a number of customary conditions for a transaction of this nature, including shareholder approval, the Company completing a AUD 25 million capital raising and Recruitment Investments Pty Ltd entering into a two year voluntary escrow deed. The Company has engaged an independent expert to prepare an independent expert's report in respect of the Acquisition. The Company anticipates issuing a copy of the independent expert's report to shareholders, together with a notice of shareholder meeting, in mid-September. The Company anticipates that completion of the Acquisition will occur in late October or early November. Reported Earnings • Aug 27
Full year 2022 earnings released: AU$0.004 loss per share (vs AU$0.004 loss in FY 2021) Full year 2022 results: AU$0.004 loss per share (vs AU$0.004 loss in FY 2021). Revenue: AU$7.80m (up 46% from FY 2021). Net loss: AU$2.67m (loss widened 20% from FY 2021). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. MD, CEO & Director Brendan Kavenagh was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 23
AD1 Holdings Limited Appoints Justin Mouchacca as Company Secretary Replacing Harvey Bui AD1 Holdings Limited (AD1 or the Company) announced that with immediate effect, Mr. Justin Mouchacca has been appointed as Company Secretary of AD1, following the resignation of Mr. Harvey Bui. Mr. Mouchacca is a Chartered Accountant and Fellow of the Governance Institute of Australia with over 15 years' experience in public company responsibilities including statutory, corporate governance and financial reporting requirements. Since July 2019, Mr. Mouchacca has been principal of JM Corporate Services and has been appointed Company Secretary and Financial Officer for a number of entities listed on the ASX and unlisted public companies. Aankondiging • Jan 18
AD1 Holdings Limited announced that it expects to receive AUD 0.18 million in funding AD1 Holdings Limited announced a private placement of 5,625,000 shares at AUD 0.032 per share for gross proceeds of AUD 180,000 on January 17, 2022. The company will also issue unlisted options at a 1 for 4 ratio. If the options are exercised, the company will issue 1,406,250 shares at an exercise price of AUD 0.0520. The transaction will include participation from directors. Aankondiging • Dec 14
AD1 Holdings Limited announced that it expects to receive AUD 5 million in funding from Pure Asset Management Pty. Ltd. AD1 Holdings Limited announced that it has entered into a binding term sheet for a private placement of four year secured term loan for the gross proceeds of AUD 5,000,000 with new investor Pure Asset Management Pty. Ltd. on December 13, 2021. The loan bears interest rate of 9.95%. The company will also grant 83,333,333 unlisted detached warrants with a four-year expiry date and exercise price at the lower of AUD 0.060 or 115% premium to the share price immediately prior to transaction announcement. Early repayment penalties ratcheting down from 4%, 3% to 0% over the facility amount as it gets closer to maturity date. Corporate guarantees and other standard covenants applied. Reported Earnings • Oct 04
Full year 2021 earnings released: AU$0.004 loss per share (vs AU$0.004 loss in FY 2020) The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2021 results: Revenue: AU$5.34m (up 57% from FY 2020). Net loss: AU$2.22m (loss widened 1.8% from FY 2020). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 27
Full year 2021 earnings released: AU$0.004 loss per share (vs AU$0.004 loss in FY 2020) The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2021 results: Revenue: AU$6.04m (up 78% from FY 2020). Net loss: AU$2.22m (loss widened 1.8% from FY 2020). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Executive Departure • Jul 15
Interim CEO, MD, CFO, Company Secretary & Director Prashant Chandra has left the company On the 7th of July, Prashant Chandra was replaced as CEO by Brendan Kavenagh after 1.7 years in the role. As of March 2021, Prashant still personally held only 222.22k shares (AU$2.4k worth at the time). Prashant is the only executive to leave the company over the last 12 months. Under Prashant's leadership, the company delivered a total shareholder return of 164%. Aankondiging • Feb 10
AD1 Holdings Limited Announces its Utilities Division Signs Five Year Agreement with Locality Planning Energy AD1 Holdings Limited announced that its utilities division has signed a five year agreement with energy retailer Locality Planning Energy (LPE). New 5-year agreement will expand the current scope to also include Energy Sales Intelligence (Acquire) and Customer Portal (Zone) solutions for LPE's entire client base. The agreement is structured to assist LPE drive important cost efficiencies reducing the cost-to-serve and offer an enhanced customer experience supported by cutting-edge technology. Structured to offer strategic benefits to both parties, the innovative five-year contract provides an industry leading enterprise-wide SaaS solution expanded to include Acquire and Zone solutions. Both solutions are specifically built for the Australian retail energy industry. The contract also provides for ongoing customer-led enhancements that will enable LPE to continue to innovate and access important cost efficiencies. Aankondiging • Sep 30
AD1 Holdings Limited (ASX:AD1) executed transaction documents to acquire Art of Mentoring Pty Ltd. for AUD 1.5 million. AD1 Holdings Limited (ASX:AD1) executed transaction documents to acquire Art of Mentoring Pty Ltd. for AUD 1.5 million on September 30, 2020. The deal value involves an initial upfront cash payment of approximately AUD 1 million and scrip component of approximately AUD 0.5 million of new shares of AD1 Holding. These shares will be subject to voluntary escrow until the second anniversary of the completion date. The agreement provides for further cash and scrip based earnouts over two tranches, which will be subject to the achievement of revenue growth targets. If Art of Mentoring achieves certain revenue targets within the 24 months following the completion date, there will be further cash and scrip based consideration payable to the vendors of Art of Mentoring across up to two additional tranches. These shares of AD1 Holdings will also be escrowed until the second anniversary of the completion date. The deal value is on a cash free, debt free basis.
The Art of Mentoring division will be led by Melissa Richardson, Founder and current Managing Director of the business. Melissa Richardson and team will join AD1 Holdings. The deal is currently scheduled for October 30, 2020. The acquisition is expected to provide significant benefits to AD1 Holdings, including the addition of a diversified recurring revenue stream of approximately AUD 1 million with excellent growth outlook and significant sales synergies with AD1 Holdings' career- platform offering. Aankondiging • Sep 09
AD1 Holdings Limited Auditor Raises 'Going Concern' Doubt AD1 Holdings Limited filed its Annual on Aug 31, 2020 for the period ending Jun 30, 2020. In this report its auditor, Pannell Kerr Forster, gave an unqualified opinion expressing doubt that the company can continue as a going concern.