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Xpon Technologies Group Limited (ASX:XPN)

ALERT: Price-sensitive ASX Announcement for XPN
Current share price for XPN : $0.012 0.003 (33.33%)+
Announcement
Release
15 Jun 2026 9:48AM
Price at Release
$0.009
Full Release
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Summary
Xpon Technologies Group Limited has announced the divestment of its Google Marketing Platform (GMP) and Google Cloud Platform (GCP) business by selling Datisan Pty Ltd to Incubeta Australia Pty Limited. This decision allows Xpon to focus on its proprietary Wondaris AI Marketing Platform and pursue strategic mergers and acquisitions in the AI sector. The agreement includes a payment of A$5.5 million in cash, with a potential earn-out of up to A$2 million, subject to certain conditions. The transaction requires approval from XPON shareholders and clearance from the Australian Competition and Consumer Commission (ACCC), among other conditions. The board unanimously supports this move, viewing it as a significant step towards enhancing the company's strategic focus and financial stability.
Key Points
  • Xpon Technologies Group to divest Google GMP and GCP business.
  • Datisan Pty Ltd sold to Incubeta Australia for up to A$7.5 million.
  • Transaction includes a cash payment and potential earn-out.
  • Board of Xpon unanimously supports the transaction.
  • Focus on growing Wondaris AI Marketing Platform post-divestment.
  • Transaction requires shareholder and regulatory approval.
  • Incubeta is a globally certified Google Marketing Platform partner.
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.