Adisyn Ltd (ASX:AI1) Announces Proposed Divestment of Miner Hosting Assets
Proposed Divestment Details
Adisyn Ltd (ASX: AI1) has initiated formal negotiations to divest 100% of its Miner Hosting business to Metacorp. The proposed transaction involves a cash consideration of $300,000 (plus GST) and potential additional payments of up to $300,000 (plus GST) based on earn-out criteria. The sale pertains only to the physical assets of the Miner Hosting business and excludes any intellectual property.
Strategic Review Outcomes
The decision to divest follows an internal review that examined non-core assets within the Group. The review identified goals such as streamlining operations and transitioning focus to AI and cybersecurity. The ongoing effort emphasises Adisyn’s commitment to optimising its structure to enhance shareholder value.
Next Steps
Adisyn and Metacorp are working towards finalising a binding asset sale agreement. While the parties made considerable progress in discussions, the completion of the transaction remains subject to various conditions. CEO Blake Burton expressed optimism about the divestment process: “We are focused on realising further shareholder value through strategic disposal of non-core assets.”
The company anticipates that the divestment will facilitate greater focus on future opportunities, including an acquisition of the semiconductor IP business, 2D Generation, contingent on shareholder approval.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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