Completion of Strategic Acquisition of PaidRight Holdings
| Stock | WRKR Ltd (WRK.ASX) |
|---|---|
| Release Time | 5 Feb 2026, 5:18 p.m. |
| Price Sensitive | Yes |
WRKR Ltd Completes Strategic Acquisition of PaidRight Holdings
- Acquisition of 100% of PaidRight Holdings Pty Ltd completed
- PaidRight's technology accelerates WRKR's Phase 2 growth strategy into payroll compliance
- Acquisition underscores WRKR's vision to be a one-stop shop compliance platform
WRKR Ltd (ASX: WRK) has announced the completion of the strategic acquisition of 100% of the issued share capital in PaidRight Holdings Pty Ltd (PaidRight). The acquisition was first announced to the ASX on 22 December 2025. In connection with the completion of the PaidRight Acquisition, WRKR has issued 90,909,091 fully paid ordinary shares to the shareholders of PaidRight as consideration. This includes 14,776,140 shares issued to seller entities related to CEO and Managing Director Trent Lund, which are escrowed for 12 months until 5 February 2027. PaidRight is highly complementary to WRKR's compliance platform, enabling direct employer monetisation through integrated payroll compliance moment checking and compliance tools. The acquisition provides WRKR with a sophisticated technology layer, via a proven real-time pay compliance engine, that immediately accelerates the company's Phase 2 growth strategy beyond Superannuation into Payroll compliance. Trent Lund, WRKR's CEO, stated that the acquisition of PaidRight will underpin the company's second compliance segment of 'pay', moving the Wrkr Platform beyond superannuation and continuing to progress the one-stop shop compliance vision. The company will host a presentation on the acquisition, Q2 Appendix 4C, Quarterly Report, and Q&A on Monday, February 9 at 11:00 AM.