• Enhanced equity placement of US$100 million, up from US$75 million
• Strengthened balance sheet and positioned for accelerated industry change
• Agreed leadership structure to maximize execution capability and long-term value creation

Qoria Limited (ASX: QOR) provides an update on its proposed merger with Aura, as announced on February 2, 2026. Aura has secured binding commitments for an increased equity placement of US$100 million, up from the previously announced US$75 million, to be completed at implementation of the Scheme. The placement is fully supported by existing Aura shareholders, demonstrating their strong conviction in the group. The merger ratio remains unchanged, with Qoria's issued securities representing 35% of the issued securities in AXQ at implementation. The parties have agreed on a leadership structure designed to maximize execution capability, global scale, and long-term value creation. Key appointments include Hari Ravichandran as CEO of the combined group, Sujay Jaswa as Chairman of Aura, and Brian DeCenzo as CFO and President of Aura, supported by Ben Jenkins as CFO Australia. Timothy Levy, Qoria's Managing Director, will join the Board of Aura and lead a newly established strategic division, Aura Alpha, as Chief Executive Officer. The Qoria Board continues to unanimously recommend that shareholders vote in favour of the Scheme, in the absence of a Superior Proposal and subject to the Independent Expert concluding that the Scheme is in the best interests of Qoria shareholders.

The updated capital and leadership structure reflects a shared view between Qoria and Aura that the global technology sector is undergoing rapid transformation driven by AI and evolving threat landscapes, requiring scale, speed, and capital strength for long-term success. This restructure recognizes the parties' desire for AXQ to have a globally integrated leadership model to ensure execution at pace.