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Cluey Ltd ( (AU:CLU) ) just unveiled an announcement.
Cluey Ltd has announced its acquisition of Education Futures Group, the holding company of Art of Smart, for up to $6.5 million. This strategic move is complemented by a $4.5 million equity raising initiative to fund the acquisition and support growth initiatives. The acquisition is expected to expand Cluey’s product offerings, allowing the company to meet the demand for in-person learning and leverage synergies in content development and customer acquisition. This development positions Cluey to enhance its market presence by combining its online capabilities with Art of Smart’s in-person tutoring services.
More about Cluey Ltd
Cluey Ltd is Australia’s largest dedicated online learning support and school tutoring company, focusing on providing educational services through online platforms. The company aims to enhance its portfolio by integrating both online and in-person learning experiences, catering to a wide range of student needs across various learning formats.
Average Trading Volume: 73,608
Technical Sentiment Signal: Hold
Current Market Cap: A$26.8M
Find detailed analytics on CLU stock on TipRanks’ Stock Analysis page.