Latest It Services Sector News

Dropsuite Limited’s shares are suspended from ASX trading following Federal Court approval of its acquisition by NinjaOne Australia, marking a pivotal step in the company’s transition.

Babylon Pump & Power Limited has announced an accelerated non-renounceable entitlement offer to raise approximately $3.5 million, aimed at completing a key acquisition and supporting its working capital needs. The offer invites existing shareholders to subscribe for new shares at $0.004 each on a 7-for-20 basis.

BGH Capital has made an unsolicited, non-binding proposal to acquire a controlling interest in Webjet Group at $0.80 per share, signaling potential shifts in ownership for the travel services company.

Raptis Group Limited has voluntarily suspended trading on the ASX as it prepares to announce a significant share placement and entitlement offer, signaling a pivotal moment for the company’s capital structure.

Ridley Corporation announces a $300 million acquisition of Incitec Pivot Fertilisers Distribution, aiming to boost earnings and diversify its agricultural services portfolio. The deal includes a $125 million equity raise and strategic supply agreements.

AJ Lucas Group has extended and increased its senior debt facility to $50 million, fully repaid its junior loan, and secured a shareholder loan extension with lower interest rates, positioning the company for reduced financing costs and future growth.

Excite Technology Services has successfully completed a $3 million placement, issuing 250 million new shares at a 9% premium, reflecting robust investor confidence.

Webjet Group Limited has confirmed awareness of an undisclosed buyer seeking to acquire a significant stake in the company, coinciding with a recent 5% jump in its share price and heightened trading volumes.

AF Legal Group has resolved a significant legal claim related to a senior lawyer's 2022 hire, incurring up to $600,000 in costs, while navigating an ongoing regulatory probe. Despite these challenges, the firm remains optimistic about improved profitability in the second half of FY25.

SSH Group has signed a binding agreement to acquire Total Contract Mining, enhancing its mining services capabilities and appointing key industry leaders to drive growth.

NSX Limited has successfully closed a $1.13 million capital raising placement, issuing 45.2 million shares at 2.5 cents each, aligning with its prospectus targets. This move strengthens the company’s financial footing as it continues to develop its alternative stock exchange platform.

FOS Capital has acquired Melbourne-based lighting design consultancy Glowing Structures for $700,000, aiming to deepen its footprint in the lighting services sector. The deal includes cash and shares, with Glowing Structures’ founder staying on as Managing Director.