Codeifai Limited has responded to an ASX price query denying any undisclosed information behind recent unusual trading activity, while highlighting its nearing completion of the Antenna Transfer acquisition.
- No undisclosed information explaining recent trading
- Final stages of due diligence for Antenna Transfer acquisition
- Acquisition first announced July 2025, shareholder approval in December
- Company confirms compliance with ASX continuous disclosure rules
- Response authorised by Chair with Board delegation
Background to the Price Query
On 22 January 2026, Codeifai Limited (ASX – CDE) addressed an official price query from the Australian Securities Exchange (ASX) following a notable spike in its share price and trading volume. The ASX sought clarity on whether Codeifai was aware of any material, undisclosed information that could explain the unusual market activity.
Company Response and Market Context
Shareholders had previously approved the issuance of shares to the vendor in December 2025, signalling strong internal support for the deal. Codeifai emphasised that the recent trading activity likely reflects market anticipation of the acquisition’s imminent completion rather than any new confidential developments.
Compliance and Disclosure Assurance
The company confirmed full compliance with ASX Listing Rule 3.1, which governs continuous disclosure obligations. Codeifai’s response was authorised by the Chair, acting under delegated authority from the Board, underscoring the company’s commitment to transparency and regulatory adherence.
This measured disclosure approach aims to maintain market integrity while the acquisition process concludes. Investors are reminded that no further material updates have been released beyond those previously communicated.
Looking Ahead
With the Antenna Transfer acquisition nearing completion, Codeifai stands at a pivotal juncture. The integration of Antenna Transfer could potentially enhance Codeifai’s technological capabilities and market position within the software and IT services sector. Market participants will be watching closely for the formal announcement confirming the deal’s closure and any subsequent strategic developments.
Bottom Line?
Codeifai’s steady hand on disclosure amid heightened trading signals a cautious but confident approach as the Antenna Transfer deal nears finalisation.
Questions in the middle?
- When exactly will Codeifai finalise the Antenna Transfer acquisition?
- How will the acquisition impact Codeifai’s financial performance and market positioning?
- Could further trading volatility arise ahead of the formal acquisition announcement?