Becoming a substantial holder
Released
Released
Announcement PDF
Form 603
Corporations Act 2001
Section 671B
Notice of initial substantial holder
To Company/registered
scheme/notified foreign
passport fund name
Adisyn Ltd
ACN/ARSN/APFRN
NFPFRN (if applicable)
155 473 304
1. Details of substantial holder (1)
Name Senvest Management, LLC and its advisory clients as detailed below.
ACN/ARSN/APFRN (if applicable)
NFPFRN (if applicable)
The holder became a substantial holder on 09/07/2026
2. Details of voting power
The total number of votes attached to all the voting shares or interests in the company, scheme or fund that the substantial holder or an associate (2) had a relevant
interest (3) in on the date the substantial holder became a substantial holder are as follows:
Class of securities (4) Number of securities Person’s votes (5) Voting power (6)
Fully paid ordinary shares 60,801,559 60,801,559 5.17%
3. Details of relevant interests
The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a
substantial holder are as follows:
Holder of relevant interest Nature of relevant interest (7) Class and number of securities
Senvest Technology Partners Master Fund, LP Power to control the exercise of a right to
vote attached to securities and/or the
power to dispose of the securities.
42,101,169
Senvest Global (KY), LP Power to control the exercise of a right to
vote attached to securities and/or the
power to dispose of the securities.
13,700,390
Senvest Master Fund, LP
Power to control the exercise of a right to
vote attached to securities and/or the
power to dispose of the securities.
5,000,000
4. Details of present registered holders
The persons registered as holders of the securities referred to in paragraph 3 above are as follows:
Holder of relevant
interest
Registered holder of
securities
Person entitled to be
registered as holder (8)
Class and
number of securities
Senvest Technology Partners Master Fund, LP Senvest Technology Partners
Master Fund, LP
Senvest Technology Partners
Master Fund, LP
42,101,169
Senvest Global (KY), LP Senvest Global (KY), LP Senvest Global (KY), LP 13,700,390
Senvest Master Fund, LP Senvest Master Fund, LP Senvest Master Fund, LP 5,000,000
5. Consideration
The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder
became a substantial holder is as follows:
Holder of relevant
interest
Date of acquisition Consideration (9)
Class and
number of
securities
Cash Non-cash
Senvest Technology Partners Master Fund, LP 12/05/2026
09/07/2026
275,900 AUD
-
-
Shares issued
pursuant to
performance
trigger outlined
in 2DG Share
Sale and
Purchase
Agreement
1,000,000
8,220,234
Senvest Global (KY), LP 09/07/2026 - Shares issued
pursuant to
performance
trigger outlined
in 2DG Share
Sale and
Purchase
Agreement
2,740,078
Senvest Master Fund, LP 12/05/2026
09/06/2026
551,800 AUD
550,500 AUD
-
-
2,000,000
3,000,000
6. Associates
The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:
Name and ACN/ARSN/APFRN (if applicable) and
NFPFRN (if applicable)
Nature of association
Senvest Technology Partners Master Fund, LP Pooled investment vehicle advised by Senvest Management, LLC
Senvest Global (KY), LP Separately Managed Account advised by Senvest Management, LLC
Senvest Master Fund, LP Pooled investment vehicle advised by Senvest Management, LLC
7. Addresses
The addresses of persons named in this form are as follows:
Name Address
Senvest Management, LLC
Senvest Management LLC 540 Madison Avenue, 32nd Floor, New York, NY 10022
Senvest Technology Partners Master Fund, LP
Senvest Technology Partners Master Fund, LP C/O Senvest Management LLC 540 Madison
Avenue, 32nd Floor, New York, NY 10022
Senvest Global (KY), LP
Senvest Global (KY), LP C/O Senvest Management LLC 540 Madison Avenue, 32nd Floor,
New York, NY 10022
Senvest Master Fund, LP
Senvest Master Fund, LP C/O Senvest Management LLC 540 Madison Avenue, 32nd Floor,
New York, NY 10022
Signature
print name capacity
sign here date
CCO, Counsel
Bobby Trahanas
July 9, 2026
DIRECTIONS
(1) If there are a number of substantial holders with similar or related relevant interests (eg. A corporation and its related corporations, or the manager and
trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar,
they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is
clearly set out in paragraph 7 of the form.
(2) See the definition of "associate" in section 9 of the Corporations Act 2001.
(3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
(4) The voting shares of a company constitute one class unless divided into separate classes.
(5) The total number of votes attached to all the voting shares or interests in the company, scheme or fund (if any) that the person or an associate has a
relevant interest in.
(6) The person’s votes divided by the total votes in the body corporate, scheme or fund multiplied by 100.
(7) Include details of:
(
a
)
any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document
setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement,
must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
(
b
)
any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to
which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).
See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.
(8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write “unknown.’”
(9) Details of the consideration must include any and all benefits, money and otherwise, that any person from whom a relevant interest was acquired has, or
may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a
contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are
not paid directly to the person from whom the relevant interest was acquired.
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