Ann: Quarterly Activities Report-PRA.AX, page-31

I think someone at ASIC was reading the Prospectus and spilled hot tea on their lap when they read that Microsoft had partnered with Thred on system integration. I think obviously they want to know if Microsoft intend to buy Thred or if they have put a bid offer to the team. Microsoft are hunting for exactly what Thred are offering them so it makes sense to issue an ISO to address the likely material change.

Boomshakeshakeshaketheroom lol