Announcement • Apr 27
Atomos Limited (ASX:AMS) completed the acquisition of Dan Desmet & Associates, Inc. Atomos Limited (ASX:AMS) signed a binding Share Purchase Agreement to acquire Dan Desmet & Associates, Inc. for AUD 3.2 million on April 13, 2026. The consideration will consists of an upfront cash payable of AUD 2.35 million, subject to customary working capital adjustments, fixed Issue of 5.6 million fully paid ordinary shares in Atomos, and earn-out consideration of up to 30 million fully paid ordinary shares in Atomos, to be issued in equal instalments over the next 3 years, subject to ongoing business operation and performance, and cash earn-out equal to 10% of incremental sales that exceed a defined hurdle in each of the next 2 years. The acquisition will be partially funded by a new AUD 10 million loan facility from CBA.
From the period ending December 31, 2025, Dan Desmet & Associates, Inc. reported a revenue of AUD 12.7 million and EBITDA of AUD 0.57 million. Dan Desmet & Associates, Inc. has 12 employees.
Completion of the transaction is subject to settlement of the recently approved Business Finance Facility from CBA and a number of other customary conditions precedent. Subject to satisfaction of all the conditions precedent, completion is expected to occur by the end of May 2026. This acquisition is immediately earnings accretive.
Atomos Limited (ASX:AMS) completed the acquisition of Dan Desmet & Associates, Inc. on April 27, 2026. Announcement • Apr 14
Atomos Limited (ASX:AMS) signed a binding Share Purchase Agreement to acquire Dan Desmet & Associates, Inc. for AUD 3.2 million. Atomos Limited (ASX:AMS) signed a binding Share Purchase Agreement to acquire Dan Desmet & Associates, Inc. for AUD 3.2 million on April 13, 2026. The consideration will consists of an upfront cash payable of AUD 2.35 million, subject to customary working capital adjustments, fixed Issue of 5.6 million fully paid ordinary shares in Atomos, and earn-out consideration of up to 30 million fully paid ordinary shares in Atomos, to be issued in equal instalments over the next 3 years, subject to ongoing business operation and performance, and cash earn-out equal to 10% of incremental sales that exceed a defined hurdle in each of the next 2 years. The acquisition will be partially funded by a new AUD 10 million loan facility from CBA.
From the period ending December 31, 2025, Dan Desmet & Associates, Inc. reported a revenue of AUD 12.7 million and EBITDA of AUD 0.57 million. Dan Desmet & Associates, Inc. has 12 employees.
Completion of the transaction is subject to settlement of the recently approved Business Finance Facility from CBA and a number of other customary conditions precedent. Subject to satisfaction of all the conditions precedent, completion is expected to occur by the end of May 2026. This acquisition is immediately earnings accretive. New Risk • Mar 25
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 14% 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$7.7m free cash flow). Negative equity (-AU$3.1m). Earnings have declined by 9.0% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (22% increase in shares outstanding). Market cap is less than US$100m (AU$23.7m market cap, or US$16.5m). 
