What are the details of the NoviqTech (ASX:NVQ) divestment deal?

NoviqTech (ASX:NVQ) has signed a binding term sheet to sell 100 per cent of its wholly owned subsidiary, NoviqTech Services, to Renaissance Group for an aggregate consideration of $1 million.

How is the $1 million payment to NoviqTech (ASX:NVQ) structured?

The payment from Renaissance Group is structured with an initial cash payment of $200,000 delivered upon completion of the transaction. The remaining $800,000 balance will be paid in four equal quarterly instalments.

Why is NoviqTech (ASX:NVQ) selling its core software platforms?

The sale represents a strategic operational pivot, allowing NoviqTech (ASX:NVQ) to sharpen its focus by exit-routing non-core software assets. This divestment enables management to immediately reallocate capital and corporate resources directly into its high-growth industrial-scale biochar carbon dioxide removal subsidiary, Coralia.

What is the medium-term investment thesis for NoviqTech (ASX:NVQ) after this news?

The medium-term thesis shifts NoviqTech (ASX:NVQ) from a multi-platform software business to a pure-play environmental technology and carbon removal company. Investors will now be backing the commercial scale-up of its biochar operations, specifically its flagship Great Barrier Reef Biochar Project.

What are the main bull points for NoviqTech (ASX:NVQ) shareholders following the divestment?

The transaction non-dilutively strengthens NoviqTech's (ASX:NVQ) balance sheet and immediate working capital position. Additionally, it frees up corporate resources to execute on Coralia's substantial 70 per cent offtake agreement for carbon dioxide removal (CDR) credits with the Pure Data Centres Group.

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NoviqTech divests software assets in $1M deal

Written by Jon CuthbertPublished Jun 15, 2026, 5:15 AM

NoviqTech (ASX:NVQ) executed a binding term sheet with Renaissance Group to completely divest its wholly owned subsidiary, NoviqTech Services, for an aggregate consideration of $1 million.

The transaction encompasses the total disposal of the company's core software platforms—Carbon Central, Fuel Central, NoviqAI, and Quantum Intelligence—alongside all associated intellectual property and business assets.

Under the financial terms, Renaissance will deliver an initial $200,000 cash payment upon completion, with the remaining $800,000 balance structured across four equal quarterly instalments secured by the buyer.

The divestment marks a pivot for NoviqTech, enabling the company to immediately reallocate capital and management resources into its high-growth industrial-scale biochar carbon dioxide removal subsidiary, Coralia.

By sharpening its operational focus, the company intends to accelerate its flagship Great Barrier Reef Biochar Project and service a substantial 70% offtake agreement for CDR credits with the Pure Data Centres Group.

Management confirmed that the transaction strengthens NoviqTech's immediate balance sheet and working capital position for long-term project expansion.

NoviqTech divests software assets in $1M deal

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