SYDNEY: Digital safety provider Aura Consolidated Group Inc. has agreed to acquire Australia-listed Qoria Limited in an all-stock transaction that will create a combined entity with a pre-money equity value of approximately A$3.0 billion (US$1.96 billion), the companies announced on Monday.
The deal, structured as an Australian scheme of arrangement, will see Boston-based Aura list on the Australian Securities Exchange (ASX) under the ticker “AXQ.” Upon completion, Qoria will become a wholly-owned subsidiary of Aura.
Transaction Details
Qoria shareholders will receive 1 Aura CHESS Depositary Interest (CDI) for every approximately 17.2 Qoria shares they own. This exchange ratio gives Qoria securityholders an aggregate 35% stake in the newly combined company on a fully diluted basis, prior to a concurrent equity raise.
In connection with the merger, Aura has secured binding commitments for a US$75 million equity placement from existing shareholders, including CEO Hari Ravichandran and investment firms WndrCo and Accel. The placement implies a price of A$0.72 per Qoria share.
Strategic Rationale
The merger unites two mission-aligned companies in the fast-growing online safety sector. Aura focuses on all-in-one protection for individuals and families against identity theft and online threats, while Qoria provides online safety and digital wellbeing solutions for schools and families.
The combined group will have a proforma annual recurring revenue (ARR) of approximately US$316 million as of December 31, 2025, and is targeting ARR growth of over 20% in calendar year 2026. The companies expect the deal to unlock cross-selling opportunities across home, school, and work environments and deliver operational synergies.
“By uniting Aura’s AI-powered protection with Qoria’s school safety leadership, we unlock a new standard of safety – seamless, continuous protection for every setting and stage of life,” said Aura Founder and CEO Hari Ravichandran.
Management and Conditions
Tim Levy, Managing Director of Qoria, is slated to become the Managing Director of the enlarged group. The proposed board of the combined company will consist of four Aura nominees and three Qoria nominees.
The transaction is subject to several conditions, including Qoria shareholder approval, court sanction, regulatory clearances in jurisdictions including Spain, the UK, and the U.S., and the successful completion of the equity placement. An independent expert’s report for Qoria shareholders is required.
The Qoria board has unanimously recommended shareholders vote in favor of the scheme, subject to no superior proposal emerging. An indicative timetable targets implementation in late June 2026.