Stakk (ASX:SKK) Completes US$63 Million ParaScript Acquisition and Extends Chime Contract to 2027

Aditi Sarkar

02 November 2026 10:38 PM AEDT

Stakk (ASX:SKK) Completes US$63 Million ParaScript Acquisition and Extends Chime Contract to 2027

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Highlights

Stakk completed its US$63.0 million Acquisition of ParaScript on 14 September 2026, funded by cash, shares and a seller's note.
Pro-forma unaudited group Revenue reached A$16.08 million in the September 2026 quarter, including A$9.26 million from ParaScript.
Net Operating Cash Flow rose to A$731,000, marking a second consecutive positive quarter for the company.
Stakk extended its agreement with US Fintech Chime Financial to 31 December 2027 on unchanged commercial terms.

Stakk Limited (ASX:SKK) has reshaped its scale with the acquisition of ParaScript, completed on 14 September 2026, and followed it with an extension of its contract with US fintech Chime Financial. The AI-native digital trust group, which focuses on Fraud prevention through identity verification and document authentication, reported pro-forma September quarter revenue of A$16.08 million, with ParaScript contributing more than half.

ParaScript Deal Reshapes the Group

Stakk acquired ParaScript, LLC and ParaScript Management, Inc. for total consideration of US$63.0 million, made up of US$25.0 million in cash, US$18.0 million in Stakk shares and a US$20.0 million deferred seller's note. The note carries interest of 10.8% a year, with quarterly repayments starting on 14 December 2026 and final Maturity on 14 September 2030.

To fund the cash component, Stakk completed a A$27.0 million institutional Placement and drew A$5.0 million in short-term Working Capital loans at a fixed 10% rate. Three of the four lenders were repaid in full on 7 October 2026.

September Quarter Delivers Positive Operating Cash Flow

In the September 2026 quarter, the first quarter of FY27, pro-forma unaudited revenue totalled A$16.08 million, comprising A$6.82 million from the underlying Stakk Business and A$9.26 million from ParaScript. Statutory customer receipts were A$7.68 million, including A$1.39 million from ParaScript after completion.

Net operating cash flow improved to A$731,000 from A$249,000 in the June quarter, the second positive quarter in a row. After paying A$37.17 million to acquire the ParaScript entities, Stakk held A$11.81 million in cash at 30 September 2026. Payments to related parties, covering director fees and salaries, eased to A$120,000 from A$159,000.

Chime Contract Extended Through 2027

On 19 October 2026, Stakk extended its agreement with Chime Financial, a US fintech that reported 10.4 million active members at 30 June 2026, to 31 December 2027. Stakk IQ will continue providing document-handling tools that support some of Chime's deposit acceptance methods, including photo capture, authenticity checks and text recognition. Services and commercial terms are unchanged, and the contract value was not disclosed. Stakk describes Chime as a material client.

The company now serves more than 300 enterprise customers across the United States, Europe, the Middle East and Australia and processes more than 110 billion interactions a year. Its offering spans identity verification, document authentication, Digital Personas, federated signal intelligence and pre-execution decisioning. On 28 October 2026, Stakk announced that Andrew Taylor had resigned from its board.

December Quarter Brings First Consolidated View

The December 2026 quarter is set to be the first full quarter of consolidated cash flow reporting for Stakk and ParaScript. Executive director Arthur Lo expects to announce further meaningful commercial agreements during that quarter, and management's stated priority is converting momentum into sustained revenue growth and higher cash generation.

Shares were priced at A$0.017 on 2 November 2026, down 2.94% on the day, giving a Market Capitalisation of A$105.25 million.

FAQs

Q: What did Stakk pay for ParaScript?

A: Total consideration was US$63.0 million, comprising US$25.0 million in cash, US$18.0 million in shares and a US$20.0 million seller's note.

Q: How long does the Chime agreement now run?

A: The agreement has been extended to 31 December 2027, with existing services and commercial terms unchanged.

Q: How much did ParaScript contribute in the September quarter?

A: ParaScript contributed A$9.26 million of pro-forma revenue and A$1.39 million of statutory receipts after completion on 14 September 2026.

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