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Motio Ltd (ASX:MXO)

ALERT: Price-sensitive ASX Announcement for MXO
Current share price for MXO : $0.050 -0.002 (-3.85%)+
Announcement
Release
26 Feb 2026 9:16AM
Price at Release
$0.052
Full Release
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Summary
Motio Ltd, an Australian company listed on the ASX under MXO, has entered into an exclusive sales agreement with Adonix, a transit media network specializing in high-definition digital screens mounted on taxitops. This strategic partnership allows Motio to expand its digital media portfolio with the planned launch of Motio Drive, enhancing their presence in the location-based media sector. Motio has invested $300,000 to acquire a 13.33% stake in Lorikeet Corporation Pty Ltd, which will facilitate the expansion of Adonix's network to 150 vehicles. Additionally, Motio holds a call option to acquire all remaining shares in Adonix, contingent on achieving specific revenue targets. This venture aligns with Motio's strategy to diversify and grow through capital-light structures and performance-linked pathways, aiming for continued top-line expansion into FY27 and beyond.
Key Points
  • Motio Ltd entered into an exclusive sales agreement with Adonix.
  • Launch of Motio Drive to expand digital media footprint.
  • Investment of $300,000 for a 13.33% stake in Lorikeet Corporation Pty Ltd.
  • Expansion of Adonix's network to 150 vehicles.
  • Call option for Motio to acquire remaining shares in Adonix based on revenue targets.
  • Strategic expansion into transit media complements existing business.
  • Motio Drive expected to support ongoing growth into FY27.
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.