WhiteHawk Quixxi Locks €635K AI Contract Before Acquisition Vote

Quixxi locks in A$635K European contract ahead of WhiteHawk vote

WhiteHawk Limited has announced that Quixxi’s Clarity AI platform has secured a four-year binding contract with a major Italian industrial engineering and technology group, worth A$635,237.96 to Quixxi. The announcement lands just days before WhiteHawk’s Extraordinary General Meeting (EGM) on 8 October 2026, where shareholders will vote on the proposed acquisition of Quixxi.

The contract commences on 1 November 2026, with the full contract value expected to be received prior to that start date. The win was delivered through a joint offering with channel partner DoxAI, which led the customer engagement and will provide its automation solutions, while Quixxi contributes Clarity AI to the arrangement. The contract includes termination rights on customary terms for an agreement of this nature.

What is Clarity AI and why does it matter?

The EU AI Act is a regulatory framework that requires organisations operating in or with the European Union to assess, document and manage the AI systems they deploy. For large enterprises, non-compliance carries material legal and reputational risk, creating demand for platforms that can manage AI governance at scale.

Clarity AI is Quixxi’s response to this challenge. The platform helps organisations identify, control and report on the AI systems they use, giving boards and executives visibility over AI risk and compliance. Its four core capabilities are:

• Shows what AI systems are being used across the organisation
• Assesses risk and compliance against applicable frameworks
• Sets approval and control processes for AI deployment
• Provides ongoing reports for executives, boards and regulators

The platform targets regulated sectors, including government, financial services, telecommunications and critical infrastructure. It is built on SOC 2 Type II security foundations, a widely recognised standard for enterprise data security that signals credibility to risk-conscious buyers. As regulatory obligations around AI governance continue to expand, particularly under frameworks such as the EU AI Act, platforms like Clarity AI are positioned to address a growing structural compliance requirement across these sectors.

What this means for WhiteHawk shareholders

It is important to note that WhiteHawk is not a party to this contract and will not receive revenue from it unless the Quixxi acquisition completes. The contract has no impact on WhiteHawk’s current financial position.

WhiteHawk agreed to acquire Quixxi on 13 April 2026. The proposed acquisition, if completed, would add Clarity AI to WhiteHawk’s existing cyber risk and compliance offering. Completion is subject to all three interconditional resolutions passing at the EGM. The Independent Expert concluded that the transaction is “not fair but reasonable” to non-associated shareholders. Shareholders are encouraged to read the Notice of Meeting and Independent Expert’s Report in full before voting.

The Quixxi acquisition terms include 250 million Consideration Shares plus 250 million Performance Shares tied to revenue milestones of A$1 million and A$2.5 million within three years of completion, with Quixxi having generated approximately A$575,000 in FY25 revenue prior to the deal being struck.

Should the acquisition complete, Quixxi’s contracts, including its revenue share under this Italian contract, will form part of the WhiteHawk group from that date.

Adrian Vallino, Group CEO

“This contract is an important proof point for Quixxi and its Clarity AI product. A major European customer has selected the platform for a four-year engagement, showing clear demand for practical AI governance…”

The key milestones shareholders should be aware of are set out below.

The strategic fit: cyber resilience meets AI governance

WhiteHawk’s existing offering centres on AI-enabled cyber risk management, delivered through its automated Cyber Risk Radar and Cyber Risk Program solutions. These products help government, critical infrastructure and commercial organisations identify, assess and mitigate cyber risk across their operations and supply chains.

WhiteHawk’s existing commercial momentum is anchored by its core platform, with Cyber Risk Radar renewals across financial services, education and government totalling A$685,000, providing the revenue base onto which Clarity AI governance would be layered if the acquisition completes.

The proposed acquisition of Quixxi would extend this capability into AI governance, adding Clarity AI to the group’s product suite. WhiteHawk has partnered with DoxAI since September 2025. Quixxi secured the Italian contract through its own joint offering with DoxAI, with DoxAI and Quixxi operating as separate companies from WhiteHawk. If shareholders approve the acquisition at the 8 October 2026 EGM and it completes, WhiteHawk would be positioned to offer customers both cyber resilience and AI governance through one group. As Vallino noted in the announcement, the contract is “a clear example of the opportunity we are seeking to bring into WhiteHawk.” Two converging compliance demands, cyber risk and AI governance, would be addressed through a single group offering, subject to completion of the transaction.

Don’t Miss the Next ASX Tech Move

Big News Blast delivers FREE breaking ASX tech news directly to your inbox within minutes of release, complete with in-depth analysis already done for you. Over 20,000+ subscribers rely on it to stay ahead of the market. Click the “Free Alerts” button at StockWire X to start receiving alerts the moment news breaks.