Aura Announces Acquisition of Qoria
Aura Announces Acquisition of Qoria |
| [02-February-2026] |
Creates a Global Leader in Digital Safety Products and Solutions Aura Expects to Trade on Australian Stock Exchange Following Transaction BOSTON, Feb. 2, 2026 /PRNewswire/ -- Aura, a leading AI-powered online safety platform for individuals and families, and Qoria (ASX: QOR), a global leader in student safety and wellbeing, today announced a binding agreement under which Aura proposes to acquire Qoria through an Australian scheme of arrangement, subject to the satisfaction of a number of conditions (Scheme) along with listing of Aura on the Australian Securities Exchange (ASX). Upon completion of the transaction, Qoria will become a wholly-owned subsidiary of Aura and the newly combined group will then begin trading on the ASX under the ticker symbol AXQ.
"The acquisition of Qoria will help power the next phase of growth at Aura," said Hari Ravichandran, Founder and CEO of Aura. "While we share a common mission, Qoria's strength in schools and global footprint are a perfect complement to Aura's strength in the U.S. direct-to-consumer and employee benefits segments. Together, we have the scale, go-to-market expertise and world-class solutions we need to accelerate our vision for connected safety for individuals and families around the world." The combination of Aura and Qoria will establish a global industry leader in online safety and security, bringing together Aura's rapidly growing, AI-powered suite of online safety and wellbeing features and Qoria's global footprint, connected schools ecosystem and deep expertise in student safety and digital wellbeing, which will give the company access to more than 9 million families around the world and more than 20 percent of schools in the United States. On a combined basis the group generated more than $300 million in annual recurring revenue (ARR) in the year ending December 31, 2025 and is targeting to grow by more than 20 percent in calendar year 2026. The combined company targets being cash flow positive in calendar year 2026 (from transaction completion). "The internet was created to connect us, yet online safety has eroded and people around the world are looking for support from trusted online safety providers who can grow alongside their evolving needs," said Tim Levy, Managing Director of Qoria Limited. "The combination of Aura and Qoria will bridge critical gaps in today's fragmented digital environments, delivering continuous protection that moves with the user– across home, school and work– from their first device to their last." Transaction Details Under the merger implementation deed (MID), Aura will acquire all of the existing shares in Qoria in consideration for shares in common stock of Aura in the form of CHESS Depositary Interests (CDIs) and will apply for admission to the official list of the ASX of its CDIs in connection with the Scheme. In parallel, Aura has received binding commitments for the equity placement from existing Aura shareholders, including Hari Ravichandran, WndrCo, Accel and General Catalyst, for US$75 million in CDIs. The implied pre-money equity value of the combined business is approximately $2.1 billion (USD), equivalent to A$0.72 per share. Aura has received in-principle advice from ASX that it is likely to grant a conditional market in respect of the CDIs such that trading of the CDIs will commence on the ASX on the business day (as defined in the ASX Listing Rules) after the effective date of the merger, initially on a conditional and deferred settlement basis. The CDIs are expected to commence trading on the ASX on a normal (T+2) settlement basis on or about the business day following the implementation date of the merger.1 Board and Management Composition Following the completion of the transaction, Qoria founder and Managing Director Tim Levy will be appointed Global CEO of the combined entity. Hari Ravichandran will become Chairman of the Board of Directors. The new Aura Board will comprise seven members, four nominated by Aura and three Qoria nominees. The Aura Board of Directors is expected to include:
Aura will nominate an additional director at a later date. Timing and Approvals This transaction is expected to close in the second quarter 2026 and is subject to regulatory and Qoria shareholder approval. Investor Conference Call Qoria will host an investor webinar jointly with Aura on Tuesday, February 3, 2026 at 8:30 AM AEDT (Monday, February 2 at 4:30 PM EST) to discuss the transaction. Please access the meeting for the investor webinar at the link below at the start of the webinar. No action is required prior to register your interest: https://meet.google.com/igz-ddmd-rnx An archive of the webinar will be available on Qoria's website after the call. Advisors Aura has appointed Jefferies LLC as its financial advisor, Herbert Smith Freehills Kramer as its Australian legal advisor, and Latham & Watkins LLP as its U.S. legal advisor. Qoria has appointed Azure Capital and Stifel as its joint financial advisors, Thomson Geer as its Australian legal advisor, and Gibson Dunn as its U.S. legal advisor. About Aura Aura is one of the fastest-growing online safety solutions for individuals and families. Whether you're protecting yourself, your kids or your aging loved ones, Aura meets your needs at every stage of life. From real-time threat detection and scam alerts to tools that help parents protect their kids from predators, cyberbullying and tech-driven mental health risks, Aura empowers families to thrive in the digital world. About Qoria Qoria is a global provider of digital safety and student wellbeing solutions. Qoria's innovative integrated suite of best-in-class tools supports the needs of both schools and parents and enables a unique collaboration between them. Australian based and ASX-listed, Qoria's innovations are rapidly being adopted by school communities globally. DISCLAIMERS This information is provided for general informational purposes only and does not constitute financial product advice, investment advice, legal advice, or a recommendation to buy or sell any securities in Aura or Qoria. The Proposed Transaction remains subject to a number of conditions, including but not limited to, all necessary approvals from the Court, ASIC, ASX and any other relevant government agency being received, including all requisite merger clearance and other approvals, and any other conditions to the scheme of arrangement between Qoria and its shareholders in respect of the Proposed Transaction having been satisfied or if applicable, waived. There is no certainty that the Proposed Transaction will proceed or will proceed on the terms described on this page. All forward‑looking statements, including statements about expected timing, synergies, integration plans, strategy, financial impacts, future operations, or benefits of the Proposed Transaction, are based on current expectations and assumptions. These statements are subject to known and unknown risks, uncertainties, and other factors, many of which are outside the control of Aura and Qoria. Actual results or outcomes may differ materially from those expressed or implied in any forward‑looking statements. Neither Aura, Qoria, nor any of their respective directors, officers, employees, or advisors assume any obligation to update such statements except as required by law. Nothing contained in this announcement forms any part of any offer to sell or issue, or a solicitation of an offer to buy, securities in any jurisdiction. The information presented does not take into account the investment objectives, financial situation and advisory needs of any particular person nor does the information provided constitute investment advice. Under no circumstances should investments be based solely on the information presented on this webpage. Before making any investment decision, you should seek appropriate advice, including financial, legal and taxation advice appropriate to their own jurisdiction and circumstances. Forward-looking statements This document contains "forward-looking information" and "forward-looking statements" regarding several matters, including, without limitation, the completion of the Proposed Transaction, the possible or assumed future performance or potential growth of Qoria or Aura, whether as separate companies or with Qoria as Aura's wholly owned subsidiary following completion. The "forward-looking information" and "forward-looking statements" will also include details regarding prospective industry growth or other trend projections, which are based on the assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of Qoria believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Forward-looking statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as 'expects', 'anticipates', 'plans', 'believes', 'estimates', 'seeks', 'intends', 'targets', 'projects,' 'forecasts', or negative versions thereof and other similar expressions, or future or conditional verbs such as 'may', 'will', 'should', 'would' and 'could'. Although management believes that the assumptions made by Qoria and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will provide to be accurate. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Qoria or Aura, whether as separate companies or with Qoria as Aura's wholly owned subsidiary following completion, to be materially different from any anticipated future results, performance or achievements or expressed or implied by such forward-looking information. Important risk factors that may cause such a difference include, but are not limited to: (i) that the Proposed Transaction may not be completed on anticipated terms and timing (or at all), (ii) that a condition to closing of the Proposed Transaction may not be satisfied, including the failure to receive any required regulatory approvals from any applicable governmental entities (or any conditions, limitations or restrictions placed on such approvals), (iii) that the anticipated tax treatment of the Proposed Transaction may not be obtained, (iv) the potential impact of unforeseen liabilities, future capital expenditures, revenues, costs, expenses, earnings, synergies, economic performance, indebtedness, financial condition and losses on the future prospects, business and management strategies for the management, expansion and growth of the combined business after the consummation of the Proposed Transaction, (v) potential litigation relating to the Proposed Transaction that could be instituted against Qoria, Aura or their respective directors, (vi) potential 1 Security holders trading on a conditional and deferred settlement basis prior to receiving holding statements in relation to their CDIs do so at their own risk.
SOURCE Aura | ||
Company Codes: ASX:QOR,Australia:QOR |
View original content to download multimedia:
