Wrkr to Acquire Payroll Compliance Platform; Shares Jump 4%

MT Newswires Live

2025/12/22

Wrkr (ASX:WRK) entered into a binding agreement to acquire 100% of PaidRight via a 100% scrip-for-scrip offer that values the payroll compliance platform at about AU$11.4 million, according to a Monday Australian bourse filing.

Wrkr Chief Executive Trent Lund is one of the original co-founders of PaidRight and is a director with an around 18.2% stake in the platform.

PaidRight shareholders will be issued 90.9 million Wrkr shares, equivalent to around 4.8% of the company's current issued capital, the filing said.

The acquisition is subject to shareholder approval at a general meeting expected to be held in early 2026.

Wrkr's shares jumped past 4% in recent trading on Monday.

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