WRKR Ltd has completed the acquisition of 100 percent of the issued share capital in PaidRight Holdings Pty Ltd, marking a significant step in the company’s expansion beyond superannuation compliance. The transaction, previously announced to the Australian Securities Exchange in December 2025, has now formally closed following the satisfaction of all conditions. With this deal, WRKR strengthens its ambition to build a broader, integrated compliance platform for employers.
Transaction Details
As consideration for the acquisition, WRKR has issued 90,909,091 fully paid ordinary shares to the former shareholders of PaidRight. Of these shares, 14,776,140 were issued to seller entities associated with WRKR’s Chief Executive Officer and Managing Director, Trent Lund, and are subject to a 12 month escrow period ending in February 2027. The share based structure aligns the interests of PaidRight’s stakeholders with WRKR’s longer term performance while preserving balance sheet flexibility.
Strategic Rationale
PaidRight brings a real time pay compliance engine that is designed to complement WRKR’s existing superannuation compliance capabilities. The technology enables direct employer monetization through integrated payroll compliance checks and monitoring tools, addressing a growing regulatory focus on accurate and timely employee payments. By adding this layer, WRKR accelerates its Phase 2 growth strategy and expands its addressable market within the broader compliance landscape.
Leadership Commentary
According to Trent Lund, the acquisition underpins the creation of a second core compliance segment focused on pay, extending the platform beyond its superannuation roots. He highlighted that PaidRight’s intellectual property and specialist team represent a meaningful differentiator when combined with WRKR’s scale and market reach. Management views the integration as a practical step toward delivering a one stop shop compliance solution for employers.
Integration and Outlook
The newly acquired technology is expected to be integrated into the WRKR platform to offer customers a more comprehensive compliance experience. WRKR believes this will support deeper engagement with employers seeking automated, real time compliance assurance across multiple regulatory obligations. The company has indicated that further details on financial performance and integration progress will be discussed in an upcoming investor presentation hosted by Trent Lund and Chief Financial Officer Karen Gilmour.
The completion of the PaidRight acquisition positions WRKR to broaden its compliance offering at a time of increasing regulatory scrutiny around payroll and employee entitlements. While the company cautions that forward looking statements remain subject to economic, regulatory, and operational risks, the transaction reflects a clear strategic direction. As WRKR moves to execute its expanded platform vision, the successful integration of PaidRight will be central to translating this acquisition into sustainable growth.