TALi Digital Ltd (ASX:TD1) has announced the acquisition of You Can Do It! (YCDI!) Education, a social-emotional learning program, for $1.34 million. The acquisition, executed through TALi’s wholly-owned subsidiary, aims to integrate YCDI!’s curriculum with TALi’s existing ReadyAttentionGo! platform. This strategic move intends to enhance the company’s position in the education sector. To fund the acquisition and further commercialization efforts, TALi is undertaking an equity raising to generate approximately $1.5 million before costs. The equity raising comprises a placement to sophisticated investors and a pro-rata non-renounceable entitlement offer to eligible shareholders, both priced at $0.001 per New Share. Sequoia Corporate Finance Pty Ltd is managing the placement.
The raised funds are earmarked for several key initiatives including the relaunch of TALi’s technology from Genius Learning post administration, ongoing expenses related to the combined TALi and YCDI! business, covering the costs of the equity raising itself, and providing general working capital. A portion of the funds will also facilitate ongoing costs of the joint TALi and YCDI! business.
TALi is also exiting its strategic partnership with Genius Learning due to Genius’s voluntary administration. The company plans to reintegrate and manage its technology internally, incurring costs estimated between $300,000 and $500,000. This includes reviewing skills, technological systems, and processes to ensure effective reintegration. The acquisition of YCDI! and the reintegration of TALi’s technology are expected to provide a pathway to leveraging TALi’s technology directly within the education curriculum.
The Placement will involve approximately 800,000,000 New Shares. The Entitlement Offer allows eligible shareholders to purchase one New Share for every six shares held. The Entitlement Offer is not underwritten, and the directors reserve the right to place any shortfall within 3 months of the offer’s closure. TALi anticipates completing the YCDI! acquisition around June 18, 2025, and issuing the New Shares under the Placement around June 19, 2025. The Entitlement Offer is scheduled to open on June 24, 2025, and close on July 8, 2025, with new shares issued on July 11, 2025.
