Qoria said Monday it agreed to a $675 million merger with Aura Consolidated Group that would see the U.S. online-safety firm acquire the company and relist the combined group on the (ASX). The transaction is being pitched as a way to build a roughly A$3 billion digital-safety platform spanning schools, households and employers, Feb. 2, 2026.
Qoria merger terms and ASX relist
Under the proposal, -based Aura would acquire Qoria at an implied 72 Australian cents a share, valuing the target at about A$972 million (US$675 million) and setting up a relisting under the ticker AXQ, reported.
The companies say the deal will be implemented through a scheme of arrangement, with Qoria shareholders receiving equity in Aura via CHESS Depositary Interests. Aura said in a press release announcing the transaction that it has binding commitments for a US$75 million equity placement from existing backers, including , and , and expects the deal to close in the second quarter of 2026, subject to court, regulatory and shareholder approvals.
Leadership of the merged group is expected to tilt heavily toward the two founders. is slated to become global CEO, while would become chairman, according to the press release. is among the directors listed for the post-merger board.
“The combination of Aura and Qoria will bridge critical gaps in today’s fragmented digital environments, delivering continuous protection that moves with the user,” Levy said. Qoria said the merged business generated more than US$300 million in annual recurring revenue in the year ending Dec. 31, 2025, and is targeting more than 20% growth in calendar 2026, according to its investor page.
Qoria’s platform is used by about 32,000 schools and supports 9 million parents, while Aura sells consumer and employee benefits subscriptions focused on online safety, identity protection and scam prevention. The companies say that pairing is designed to create a single set of protections that can follow users from the classroom to the workplace.
In a note on the transaction, Qoria’s legal adviser said the merger would create a “global leader” across home, school and work environments as Aura seeks an ASX listing.
How Qoria built a global safety footprint
The proposed tie-up caps years of consolidation and rebranding in K-12 safety and parental controls. In May 2023, said its parent company, , changed its name to Qoria as part of a broader push to unify its brands under a single identity, according to a 2023 company release.
Qoria also drew buyer interest during that growth phase. In April 2024, the company said it unanimously rejected an unsolicited, nonbinding 40-cent-per-share proposal from , arguing the approach “significantly undervalues” the business, according to an ASX announcement.
Earlier, Family Zone-backed Linewize said it acquired parental controls provider in a US$52 million transaction in 2022, expanding its consumer footprint alongside its school-focused tools, the company said at the time.
For Qoria shareholders, the next milestones are the scheme vote and regulatory clearances. If completed, the company would effectively return to the ASX as part of a larger, U.S.-anchored group — with the promised A$3 billion scale now the yardstick investors will use to judge execution.
