InvestSMART

Cluey Ltd (ASX:CLU)

ALERT: Price-sensitive ASX Announcement for CLU
Current share price for CLU : $0.010 -0.053 (-84.13%)+
Announcement
Release
2 Feb 2026 9:17AM
Price at Release
$0.063
Full Release
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Summary
Cluey Ltd announced they will not be proceeding with the acquisition of Education Futures Group Pty Ltd, which includes the Art of Smart group of companies. This decision was made following the non-satisfaction of several conditions precedent in the Share Purchase Agreement by the designated sunset date of 31 January 2026. Despite this setback, Cluey remains focused on pursuing its in-person blended learning strategy and will continue to explore other synergistic acquisition opportunities, using funds raised in a November 2025 capital raise to support these efforts.
Key Points
  • Cluey Ltd will not proceed with the acquisition of Education Futures Group Pty Ltd.
  • The decision was due to the non-satisfaction of conditions precedent in the Share Purchase Agreement.
  • The sunset date for satisfying these conditions was 31 January 2026.
  • The board expressed disappointment over the failed transaction.
  • Cluey remains committed to exploring other synergistic acquisitions.
  • Funds from the November 2025 capital raising will be used for in-person blended learning strategy and working capital.
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.