Humm Group (ASX:HUM) announced it is prepared to grant suitor Credit Corp (ASX:CCP) access to its confidential due diligence data room, signaling a pivotal step in the ongoing $385 million takeover bid.
In a statement, the buy now, pay later provider confirmed that a draft confidentiality deed is expected to be finalised within the coming days.
While Humm initially provided the document on Dec. 5, 2025, negotiations have spanned several weeks to govern how Credit Corp handles sensitive internal information.
With the data room now fully populated, the formal commencement of due diligence hinges solely on the execution of this legal agreement.
The transparency push arrives at a critical juncture for Humm’s leadership.
Following a voluntary undertaking with the Takeovers Panel, the company recently established an independent board committee to oversee the offer's negotiation and implementation.
The move follows sharp criticism from shareholders regarding a one-month delay in disclosing the initial approach on Dec. 17, 2025.
The stakes for the current leadership remain high as the company faces a potential board spill on March 13.
At the time of reporting, the share prices of Humm Group and Credit Corp were $0.66 and $11.27.