AcquisitionsApr 30, 2026, 04:36 PM
COOT Acquires 51% of Rent Buddy UK for $5.33M
AI Summary
Australian Oilseeds Holdings Limited (COOT) has entered into a share purchase agreement to acquire a 51% stake in RENTBUDDYUK LIMITED, a UK-based company specializing in rent guarantee and rental management solutions. The total purchase price for the acquisition is US$5,326,840, payable in three tranches. The transaction is anticipated to close by the end of May 2026.
Key Highlights
- Australian Oilseeds Holdings Ltd (COOT) to acquire 51% of RENTBUDDYUK LIMITED.
- Total purchase price for the 51% stake is US$5,326,840.
- First tranche payment of US$918,000 made upon SPA execution.
- Second tranche payment of US$3,672,000 due at closing.
- Final tranche payment of US$736,840 due six months after closing.
- Transaction is expected to close by the end of May 2026.
- RENTBUDDYUK LIMITED specializes in rent guarantee and rental management solutions.