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Bridge SaaS Limited (ASX:BGE)

ALERT: Price-sensitive ASX Announcement for BGE
Current share price for BGE : $0.019 -0.001 (-5%)+
Announcement
Release
13 Jul 2026 9:09AM
Price at Release
$0.020
Full Release
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Summary
Bridge SaaS Limited has completed the divestment of its non-core investment in Brightside Disability Support & Respite Pty Ltd for a cash consideration of $1.5 million, which aligns with the original investment cost and generated a positive return after dividends. This move is part of Bridge's strategic focus to concentrate on its core disability services in New South Wales and the development of its software platform, alongside exploring partnerships in the field of humanoid robotics within the NDIS sector. The divestment bolsters the company's cash reserves, offering greater financial flexibility for its ongoing operations and innovation efforts.
Key Points
  • Bridge SaaS Limited divested its entire shareholding in Brightside Disability Support & Respite Pty Ltd for $1.5 million.
  • The sale aligns with the company’s decision to focus on its core disability services and technology development.
  • The divestment reflects the outcome of a strategic review by the Board.
  • Bridge is concentrating on its software platform and R&D initiatives in the NDIS sector.
  • Bridge is exploring joint ventures and partnerships, particularly with US-based humanoid robotics developers.
  • The divestment strengthens Bridge's cash position and financial flexibility.
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.