Mobile Business Devices Pty Ltd entered into conditional share purchase agreement to acquire UUV Aquabotix Ltd (ASX:UUV) in a reverse merger transaction on May 3, 2022. The consideration for the transaction is 265 million shares in UUV Aquabotix and also agreed to issue 60 million performance rights (vesting subject to achievement by the One Click Group of revenue targets) to the Board, management and employees of the One Click Group. Mobile Business Devices Pty Ltd will change its name to One Click Group Limited. UUV will seek to raise a minimum of AUD 4.5 million under a public offer as part of the transaction (with the ability take over subscriptions for a further AUD 1 million) and has appointed Canaccord Genuity as lead manager to the public offer. Former Empired Limited Managing Director Russell Baskerville will join the Board as Chairman with former Empired Chief Financial Officer Mark Waller to join as Managing Director. The acquisition is subject to satisfaction of a number of conditions precedent, including UUV obtaining shareholder approval for the transaction and ASX conditional approval for UUV to be reinstated to official quotation on ASX. UUV will be required to re-comply with Chapters 1 and 2 of the ASX Listing Rules as part of the transaction.
As of August 11, 2022, UUV Aquabotix has announced closed off applications under the public offer and the offer was well supported and oversubscribed by investors. UUV Aquabotix has now working to complete the administrative matters of the acquisition and commence trading on ASX as One Click Group Limited under the ASX code 1CG.
Mobile Business Devices Pty Ltd completed the acquisition of UUV Aquabotix Ltd (ASX:UUV) in a reverse merger transaction on September 15, 2023.
UUV Aquabotix Ltd acquired One Click Group Limited.
September 14, 2022
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