ASX-listed technology firm Scalare Partners will acquire coworking space Tank Stream Labs in a deal worth up to $5.5 million. The move comes as 12-year-old Tank Stream Labs prepares to move out of the Sydney Startup Hub, which is being shut down by the NSW government. Tank Stream Labs CEO Bradley Bradley Delamare will remain… Read more »
ASX-listed startup accelerator and investor Scalare Partners (ASX: SCP) has made its third acquisition, snapping up VC matching marketplace Inhouse Ventures in a deal worth up to $1.73 million. Scalare initially invested in the marketplace in November 2023, taking a 20.7% stake. Venture studio Shadowboxer also backed Inhouse, which was founded by CEO Elliot Spiegel in… Read more »
Total revenue increased 115% to $1.296 million Gross profit rose 173% to $524,719 Underlying EBITDA at -$307,186 before $986,731 in costs for ASX listing. Cash on hand is $3.8 million. The nearly $1 million cost of a backdoor listing on the ASX last year has seen Scalare Partners (ASX: SCP) post a statutory EBITDA loss… Read more »
Startup advisory and investment business Scalare Partners has raised just over half the $8 million it was hoping to raise as part of a backdoor listing on the ASX. The public offer raised $4.301 million at $0.25 cents a share issuing 17.2044 million fully paid ordinary shares in its reverse takeover of former confectionary maker… Read more »
Startup advisory and investment business Scalare Partners is back in the hunt for $8 million to list on the ASX, after the Australian Securities and Investment Commission (ASIC) lifted its interim stop orders on the prospectus for a reverse takeover of confectionery maker Candy Club Holdings (ASX: CLB). Last week the corporate regulator intervened today… Read more »
The Australian Securities and Investment Commission (ASIC) has intervened on plans for a back door ASX listing by tech accelerator and investor Scalare Partners, concerned that the proposal doesn’t comply with disclosure laws. Scalare announced back in May that it would go public in a reverse takeover of confectionery maker Candy Club Holdings (ASX: CLB).… Read more »
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