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Klevo Rewards Limited (ASX:KLV)

ALERT: Price-sensitive ASX Announcement for KLV
Current share price for KLV : $0.046 -0.017 (-26.98%)+
Announcement
Release
27 May 2026 3:25PM
Price at Release
$0.063
Full Release
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Summary
Klevo Rewards Limited announced its intention to acquire two AFS licensed companies, ASFIN Funds Management Pty Ltd and Point Capital Group Pty Ltd, to enhance its capabilities in financial advisory services, particularly involving both traditional and digital assets. The acquisition for ASFIN is priced at $300,000, and Point Capital at $1,550,000, both to be fulfilled via the issuance of Klevo shares. These acquisitions are part of Klevo's strategic effort to expand its Fly Wallet platform, integrating digital assets, rewards, and financial services. However, these transactions are contingent upon due diligence, regulatory and shareholder approvals, as well as compliance with ASX requirements, with no guarantee of completion or product launch.
Key Points
  • Klevo proposes acquisition of ASFIN Funds Management Pty Ltd and Point Capital Group Pty Ltd.
  • The acquisitions are intended to support AFSL-backed financial services capabilities.
  • Acquisition prices are $300,000 for ASFIN and $1,550,000 for Point Capital, paid in Klevo shares.
  • The acquisitions are subject to due diligence, regulatory approvals, and ASX compliance.
  • Klevo's Fly Wallet aims to integrate financial services with rewards and digital assets.
  • There is no guarantee that acquisitions or new products will launch.
  • Klevo targets expanding into digital assets, rewards, and financial advisory services.
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.