MobilityOne shares soar as Super Apps merger heads towards completion

(Alliance News) - Shares in MobilityOne Ltd leapt on Tuesday as it said a deal impacting its M1 Malaysia subsidiary has moved a step closer being finalised.

The merger, an all-share deal worth USD1.10 billion between Super Apps Holdings and Technology & Telecommunication Acquisition Corp, will see Super Apps become a New York-listed company under the name Bradbury Capital Inc.

On Tuesday, Kuala Lumpur, Malaysia-based e-commerce payment solutions provider MobilityOne noted that on April 2, Tete filed that all resolutions at an extraordinary general meeting of its shareholders, held on March 30, were passed.

Super Apps has agreed to buy 60% of OneShop Retail Sdn Bhd from M1 Malaysia, MobilityOne's wholly owned subsidiary.

In return, MobilityOne will receive GBP6.8 million and GBP3.4 million payments from Super Apps within 14 and 180 days of the merger completing.

As part of the deal with Super Apps, M1 Malaysia has also guaranteed that OneShop Retail will achieve at least USD125 million in annual revenue for 2026.

On 1Shop achieving the revenue target, a further GBP3.4 million will be paid in Tete shares to MobilityOne.

Under the agreement, MobilityOne will provide technical and business support to 1Shop.

Shares in MobilityOne soared 59% to 13.95 pence each in London on Tuesday morning.

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2026 Alliance News Ltd. All Rights Reserved.

Mobilityone