InvestSMART

Cluey Ltd (ASX:CLU)

ALERT: Price-sensitive ASX Announcement for CLU
Current share price for CLU : $0.015 -0.063 (-80.77%)+
Announcement
Release
6 Nov 2025 8:29AM
Price at Release
$0.078
Full Release
download
Summary
Cluey Ltd, a leading Australian online learning support and tutoring company, has announced its intention to acquire the Education Futures Group, which includes the Art of Smart group of companies, for a maximum of $6.5 million. The acquisition comprises a combination of cash and shares, and is designed to enhance Cluey's service offerings with proven in-person learning models. Concurrently, Cluey is launching a $4.5 million fully underwritten entitlement offer to fund the acquisition's initial cash payment, integration, and associated costs. This strategic move is anticipated to create synergies by combining Cluey's technology and customer acquisition capabilities with Art of Smart's in-person educational services, catering to a broader market and increasing revenue opportunities.
Key Points
  • Cluey Ltd to acquire Education Futures Group for up to $6.5 million.
  • The acquisition includes the Art of Smart group of companies.
  • $4.5 million entitlement offer launched to fund acquisition costs.
  • Cluey aims to integrate online and in-person education models.
  • Strategic acquisition expected to enhance revenue and market reach.
  • Joint-CEO Matteo Trinca emphasises synergy benefits.
  • Entitlement offer fully underwritten by Gleneagle Securities.
  • Transaction includes cash and Cluey shares payment.
  • Exclusive rights and termination clauses for Cluey until January 2026.
  • Completion subject to due diligence and shareholder agreement.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.