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Candy Club Holdings Ltd. ( (AU:SCP) ) has issued an update.
Scalare Partners has announced a strategic collaboration with Silicon Catalyst, a prominent US-based semiconductor accelerator, to expand into the Australian market. This partnership provides Scalare with exposure to the dynamic US semiconductor sector and aligns with its mission to support cutting-edge deep tech ventures globally. Additionally, Scalare has entered into an agreement to acquire Tank Stream Labs, a leading provider of flexible office space and business services in Australia, which will enhance its ability to support technology entrepreneurs. The acquisition is expected to be completed by early September 2025, following a shareholder meeting to approve the capital raise for the acquisition.
More about Candy Club Holdings Ltd.
Scalare Partners is a leading technology accelerator focused on supporting high-impact, high-potential startups across frontier technologies. The company is involved in building a comprehensive founder support ecosystem in Australia and is expanding its reach into the semiconductor sector through strategic collaborations.
Average Trading Volume: 51,375
Technical Sentiment Signal: Sell
Current Market Cap: A$12.26M
Find detailed analytics on SCP stock on TipRanks’ Stock Analysis page.