Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Multistack International Limited ( (AU:MSI) ) has provided an update.
Multistack International Limited reported that during the March 2026 quarter it continued its core activities of selling, marketing and distributing water-cooled and air-cooled water chillers, generating revenue from the sale of an air-cooled chiller and spare parts. The company ended the period with cash and cash equivalents of $906,250 and quarterly operating expenditure of $302,827, supported in part by a previously arranged $696,000 unsecured, non-interest-bearing related-party loan.
The company entered into a binding asset sale deed with Willing Y Limited under which it agreed to sell all of its assets, including its wholly owned subsidiary Multistack Australia Pty Ltd, excluding certain specified assets, while Willing Y Limited will assume all liabilities other than certain excluded liabilities. Completion of the transaction is targeted for 30 June 2026 subject to conditions, and in the meantime Multistack will continue operating as a going concern and maintain compliance with its ASX and other reporting obligations, signaling a potential major transition in ownership and structure for stakeholders.
More about Multistack International Limited
Multistack International Limited is an Australian manufacturer and distributor of water-cooled and air-cooled water chillers. The company focuses on the sale, marketing and distribution of Multistack-branded chillers and related spare parts, serving commercial and industrial cooling markets from its base in Moorabbin, Victoria.
Technical Sentiment Signal: Sell
Current Market Cap: A$545.2K
For detailed information about MSI stock, go to TipRanks’ Stock Analysis page.