- Tech company K2fly (K2F) has executed an agreement to acquire the business assets associated with Decipher for Mining
- Decipher also provides cloud-based software-as-a-service monitoring and compliance solutions for mining industry customers
- K2fly will acquire Decipher’s business assets for the issue of 11,366,691 fully paid ordinary shares in the company up to 5,345,633 performance shares
- CSBP will become K2fly’s largest shareholder with 10.13 per cent holding
- Completion of the acquisition expected to occur shortly after shareholder approval is received in March 2021
- K2Fly is up 1.47 per cent, trading at 34.5 cents per share
