Airtasker Limited (ASX:ART) entered into definitive agreement to acquire Assets of Oneflare Pty Ltd. from Oneflare Pty Ltd. for AUD 9.8 million on May 4, 2022. Under the agreement, Airtasker Limited will issue consideration shares equals to AUD 7.55 million along with cash of AUD 2.25 million. Airtasker Limited shall finance the cash portion of the consideration through proceeds through placement of AUD 6.25 million. Maddocks Inc. Pty Ltd. acted as legal advisor to Airtasker Limited. As on May 11, 2022, Australian competition consumer commission as sent a enquiry regarding proposed acquisition and placement and Completion of oneflare acquisition whilst talks with accc on going.will also delay launch of its proposed share purchase plan. As per the update on May 24, 2022, Airtasker addressed some queries from the Australian Competition & Consumer Commission (ACCC) regarding the Acquisition. The ACCC has confirmed it does not intend to conduct a public review of the Acquisition pursuant to section 50 of the Competition and Consumer Act 2010. The acquisition of Oneflare Pty Limited will proceed on May 25, 2022.