Orcoda Responds to ASX Aware Query
Key points
- ACTA Trial Contracts collectively material, not individually
- Two additional ACTA Trial Contracts not previously disclosed
- New SaaS contracts not material individually, but disclosed to keep market informed
Full summary
Orcoda Limited (ODA) responds to an ASX aware query regarding the disclosure of information related to the ACTA Trial Contracts and new SaaS contracts. ODA explains that while the individual ACTA Trial Contracts were not considered material at the time, the collective value of $1.5 million was assessed as material once the trial was completed on 30 June 2025. Two additional ACTA Trial Contracts with Whittlesea Community Transport and Hinterland Community Services were not previously disclosed as they were small in scale, totaling only $19,000 over three years. The new SaaS contracts, while not material individually, were disclosed to keep the market fully informed about developments in the ACTA trial. ODA confirms it acted promptly to disclose the information once materiality was assessed and that it is in compliance with the Listing Rules, particularly Rule 3.1.
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