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The latest announcement is out from Cluey Ltd ( (AU:CLU) ).
Cluey Ltd has announced a binding share purchase agreement to acquire Education Futures Group, the holding company of the Art of Smart group of companies. The acquisition, valued at up to $6.5 million, is structured as a part-cash and part-scrip completion and earnout payment. The completion of this acquisition is contingent upon certain conditions, and Cluey plans to use funds raised from an Entitlement Offer to finance the acquisition. This strategic move is expected to enhance Cluey’s market position in the Edtech industry by expanding its service offerings and operational capabilities.
The most recent analyst rating on (AU:CLU) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Cluey Ltd stock, see the AU:CLU Stock Forecast page.
More about Cluey Ltd
Cluey is an innovative, ASX-listed Edtech company that combines education, technology, and data to deliver quality education outcomes and an enhanced experience for students. It provides support for students in years 2-12 in Mathematics and English, and years 11-12 in Chemistry, as well as test preparation for NAPLAN and Literacy and Numeracy Test for Initial Teacher Education. Cluey’s learning model is based on personalized programs, content mapped to curricula, targeted tutor feedback, and comprehensive reporting. The company is headquartered in Sydney, Australia, and has been recognized as one of the most innovative Edtech companies in Australia.
Average Trading Volume: 57,706
Technical Sentiment Signal: Sell
Current Market Cap: A$28.34M
For an in-depth examination of CLU stock, go to TipRanks’ Overview page.