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Stakk (ASX: SKK) is acquiring a United States-based artificial intelligence company, ParaScript, in a $63 million transaction, which the company says will create one of the world’s largest AI-native digital trust infrastructure platforms.
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ParaScript is a long-established provider of AI-powered document intelligence and fraud detection software, serving more than 85 enterprise customers across financial services, government, healthcare and insurance, including organisations such as Allianz, Deloitte, the U.S. Postal Service, and Banco Santander.
Stakk said the combined business will process more than 100 billion digital interactions annually, strengthening its proprietary Digital Persona Graph platform with ParaScript’s document intelligence and verification capabilities.
The new FY27 acquisition is expected to materially expand the company’s enterprise customer base, geographic footprint and cross-selling opportunities while creating a unified platform spanning identity verification, document authentication, fraud prevention and contextual decision-making.
On an unaudited pro forma basis, the combined group is expected to generate approximately A$41.3 million in FY26 revenue and A$12.3 million in EBITDA, increasing to around A$55.2 million in revenue and A$18.5 million in EBITDA in FY27, subject to contracted revenue and completion adjustments.
Stakk said the acquisition is expected to be immediately earnings accretive and will strengthen the company’s recurring revenue while improving leverage.
The purchase price will be funded through US$25M cash (at completion), US$19M in Stakk shares and US$19M in deferred cash payments over four years.
To fund the upfront cash component, the company has secured firm commitments for an A$27 million institutional placement at A$0.022 per share.
Directors and management have committed ~A$5M to the raising, while eligible shareholders will also be offered the opportunity through a purchase plan. The transaction remains subject to shareholder approval and customary completion conditions, with completion targeted for August CY26.
SKK is down more than -7% today, trading at $0.24/sh.
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