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Cluey Ltd (ASX:CLU)

ALERT: Price-sensitive ASX Announcement for CLU
Current share price for CLU : $0.012 -0.066 (-84.62%)+
Announcement
Release
6 Nov 2025 8:29AM
Price at Release
$0.078
Full Release
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Summary
Cluey Ltd has proposed the acquisition of Art of Smart (AoS), an education service provider, as part of its strategy to expand its omnichannel delivery capabilities. The acquisition will enhance Cluey's product offerings and enable geographic expansion through the rollout of AoS Learning Centres nationally. Significant synergies are expected in product and service opportunities, sales and marketing, tutor operations, and technology integration. The acquisition is valued at an estimated $4.8 million, with considerations structured in two tranches and a mix of cash and shares. Cluey aims to leverage its existing resources and expertise to scale AoS operations efficiently. This strategic move is supported by a capital raise through a non-renounceable entitlement offer to fund the acquisition and growth initiatives.
Key Points
  • Cluey Ltd to acquire Art of Smart for around $4.8 million.
  • Acquisition supports omnichannel delivery expansion.
  • Significant synergies in marketing, operations, and technology.
  • Structured payment in cash and shares through two tranches.
  • Cluey to leverage existing resources for national expansion.
  • Capital raise via entitlement offer to fund acquisition.
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.