Qoria Ltd (FMZNF) Q3 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. Thank you for joining us. There's also a lot to get through in the announcements today. So alongside the presentation, the AURA, Quora team are going to be in the ground in Australia next week, meeting with as many of you as possible. In terms of the call today, we have Peter, Tim, Ben and Tristan joining from Quora, alongside Brian from AURA. Everyone's going to be available for live Q&A at the end of this call. Reeve, unfortunately, already in transit to Australia, but we do have some comments from him shortly. So that dinner, I'll pass over to you to make a start. Thanks, Frank, and good morning, and thank you all for joining us. So today we announced some changes to our merger arrangements with Aura. These changes reflected deliberate self-decisions by our respective boards to ensure that the combined group, ASQ, is positioned for long-term success in a rapidly evolving global technology landscape. We've announced that Aura has secured binding commitments for an increased equity placement of US$100 million, That's a significant increase from the original $75 million, and importantly, it's fully supported by existing Aura shareholders, demonstrating their confidence and strong conviction to the mission. Also, it assures that we have a strong balance sheet for the group when the mission completes, with only a modest dilution. We also announced today a new organisational structure, one designed to get the best out of the capabilities of the group, combining US-based technology and growth leadership with couriers, global market presence, regulatory expertise and customer footprint. Marie, Sujay and Brian have all agreed to continue in their current roles as CEO, Chairman and CFO respectively of Aura. And the group has been secured by continued...