Zoom2u Technologies Limited (ASX:Z2U) entered into an agreement to acquire Talcasoft Transport Management Software Business from Talcasoft Australia Pty Ltd for AUD 2 million on October 14, 2022. The consideration includes cash payment of AUD 1.36 million and issuance of stock of AUD 0.64 million at a value of 24 cents per share. Zoom2u has also entered into an agreement to raise AUD 1.5 million of funds from investors which will be used to fund acquisition and also from shareholders to raise AUD 0.5 million more.

Zoom2u has also arranged new secured loan facility of AUD 4 million. The transaction is expected to close by October 24, 2022. BDO Corporate Finance Pty Ltd provided Financial Due Diligence to Zoom2u Technologies.