RKT.ASX: RocketDNA to Acquire Remaining 40% of WA Subsidiary

RocketDNA to Acquire Remaining 40% of WA Subsidiary

Stock	Rocketdna Ltd (RKT.ASX)
Release Time	17 Jun 2026, 8:21 a.m.
Price Sensitive	Yes

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RocketDNA Acquires Full Ownership of WA Subsidiary

Key Points

RocketDNA to acquire remaining 40% of WA subsidiary
No change in operations, customers, or revenue
Consideration of A$1.0 million in new shares
Shares held in escrow for 12 months
Founders to receive consideration in escrowed shares

Full Summary

RocketDNA Ltd, a technology services company specializing in AI-powered drone solutions, has announced its intention to acquire the remaining 40% of its Western Australian subsidiary, RocketDNA (WA) Pty Ltd. This acquisition will bring RocketDNA's ownership of the subsidiary to 100%, simplifying the group structure. The transaction is expected to have no impact on the Group's operations, customers, strategy, reported net assets, consolidated revenue, or profit after tax. The consideration for the acquisition is A$1.0 million, satisfied entirely in new fully paid ordinary RocketDNA shares, with no cash involved. The shares will be held in voluntary escrow for 12 months, aligning the original founders of the subsidiary with RocketDNA shareholders.

Guidance

RocketDNA to issue 41,767,605 shares, approximately 3.5% of current issued capital.

Outlook

RocketDNA expects the acquisition to simplify its group structure and maintain operational stability. The escrowed shares will align the founders' interests with RocketDNA shareholders.