Online security platform merger
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US firm Aura to buy Australia's Qoria in $675 million deal, relist on ASX
Yahoo Finance· 2026-02-02 09:19
Group 1 - Qoria, an Australia-listed tech firm, is set to be acquired by U.S.-based Aura Consolidated Group at an implied valuation of A$972 million ($675.64 million) [1][2] - The acquisition price is A$0.72 per share, which is more than double Qoria's last closing price, reflecting a significant premium due to the stock's decline of over 40% in 2026 [2][3] - Post-acquisition, Qoria will operate as a unit of Aura, and the combined entity will be listed on the Australian stock exchange under the ticker symbol AXQ, with a projected valuation of A$3 billion before external funding [3][4] Group 2 - Qoria provides cybersecurity solutions for schools and families, with its platform utilized by 32,000 schools and supporting 9 million parents [4] - Aura specializes in online safety solutions for individuals and families, and the merger aims to create a comprehensive online security platform for home, work, and school environments [4] - Aura has secured binding commitments to raise $75 million from existing shareholders at an expected price of A$12.38 per AXQ share [5]