Skilligence Pty Ltd signed an agreement to acquire iimage Technical Services Pty Ltd from MOQ Limited (ASX:MOQ) for AUD 4 million on September 3, 2021. Under the terms, AUD 4 million is payable on completion with any final working capital adjustment to be made following finalisation of the completion statement. Transaction is subject to completion of certain conditions which MOQ's expects to be met in the ordinary course. Transaction is expected to complete on or before September 30, 2021. MOQ will provide transitional services to the Skilligence Pty Ltd if required for a limited period. The cash proceeds from transaction will increase MOQ’s cash position which is an important enabler of the company’s future growth strategy.