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wrkr Ltd (ASX:WRK)

ALERT: Price-sensitive ASX Announcement for WRK
Current share price for WRK : $0.080 -0.04 (-33.33%)+
Announcement
Release
22 Dec 2025 8:34AM
Price at Release
$0.120
Full Release
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Summary
WRKR Ltd announced a strategic acquisition of PaidRight, a leading payroll compliance platform, to accelerate its Phase 2 growth strategy beyond superannuation into payroll compliance. The acquisition aims to integrate WRKR's extensive platform with PaidRight's innovative technology, transforming compliance for Australian employers and workers. Subject to shareholder approval, the acquisition will see WRKR issue new shares to PaidRight shareholders, valuing the transaction at approximately A$11.4 million. This move is expected to enhance WRKR's offerings in real-time pay compliance and facilitate the transition of employers to the WRKR platform. The acquisition is part of WRKR's broader strategy to simplify compliance across the pay cycle, leveraging PaidRight's advanced AI-driven technology developed over nearly a decade.
Key Points
  • WRKR to acquire 100% of PaidRight's issued capital
  • Acquisition valued at approximately A$11.4 million
  • Integration to enhance payroll compliance offerings
  • PaidRight's proven real-time pay compliance engine
  • Transaction subject to WRKR shareholder approval
  • Acquisition part of WRKR's Phase 2 growth strategy
  • PaidRight to operate as a standalone entity initially
  • Targeting an integrated solution availability by Q3CY26
  • PaidRight's technology developed from CSIRO’s Data61 and PwC Ventures
  • Potential to transform compliance for millions of Australians
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.