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Airtasker Limited (ASX:ART)

ALERT: Price-sensitive ASX Announcement for ART
Current share price for ART : $0.205 -0.02 (-8.89%)+
Announcement
Release
26 Mar 2026 9:08AM
Price at Release
$0.225
Full Release
download
Summary
Airtasker Limited has announced a strategic partnership with Nine Entertainment to enhance its brand presence across Australia. This partnership is valued at $5 million, which Airtasker will utilize through Nine's extensive media platforms, including television, publishing, digital, and streaming services. In exchange, Airtasker issued a convertible note to Nine, which can be converted into shares upon maturity in 2028. This move is expected to leverage Nine's media reach to boost Airtasker's brand equity and drive growth, aligning with the company's emphasis on brand investment for sustainable market performance.
Key Points
  • Airtasker Limited partners with Nine Entertainment for brand growth.
  • The partnership provides Airtasker with $5 million in media capital.
  • Airtasker will access Nine’s television, publishing, digital, and streaming platforms.
  • The agreement involves a $5 million convertible note with a 4.9% coupon.
  • The note matures in 2028 and can be converted to shares or repaid in cash.
  • The collaboration is aimed at strengthening Airtasker's market position in Australia.
  • The partnership is expected to accelerate Airtasker's brand awareness and growth.
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.