noco-noco Inc. (NasdaqCM:NCNC) entered into sale and purchase agreement to acquire 51% stake in Assemblepoint Co.Ltd. for $3.6 million on November 27, 2023. The consideration shall be paid via a share swap arrangement. Completion is subject to customary conditions precedent, which includes satisfactory completion of due diligence, and noco-noco having obtained the approval of its shareholders for the transaction and necessary applicable regulatory consents and approval for the transaction.

The transaction is expected to complete in the first quarter of 2024 and is expected to be accretive to revenue growth and earnings in 2024.