InvestSMART

Experience Co Limited (ASX:EXP)

ALERT: Price-sensitive ASX Announcement for EXP
Current share price for EXP : $0.090 0.01 (12.50%)+
Announcement
Release
14 Jul 2026 5:02PM
Price at Release
$0.080
Full Release
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Summary
On July 14, 2026, Experience Co Limited (EXP) announced the signing of a non-binding term sheet with Inflite Group Limited to combine their Australian and New Zealand skydive and aviation businesses with Inflite's existing aviation operations under a New Zealand holding company, MergeCo. This strategic move follows EXP's review of its Skydive Australia business and aims to create a leading integrated aviation tourism platform across Australasia. The proposed transaction, with an estimated enterprise value of $110 million, includes $41 million in upfront cash, a $5 million vendor note, and a 32.5% equity interest in MergeCo, subject to various conditions including due diligence and regulatory approvals.
Key Points
  • Experience Co signs non-binding term sheet with Inflite Group.
  • Proposed merger of skydive and aviation businesses into MergeCo.
  • Strategic review leads to creating a leading Australasian tourism platform.
  • Proposed transaction valued at approximately $110 million.
  • EXP to receive $41 million cash, $5 million vendor note, and 32.5% equity in MergeCo.
  • Completion subject to due diligence and regulatory approvals.
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.