Please feel free to correct if anything looks wrong. Roughly going through the numbers now.
It looks like roughly up to 10 million shares in total. That's about US$5.83M at $0.75/share.
"Total purchase consideration will comprise US$1 million in ordinary shares in Pointerra (a portion of which will be voluntarily escrowed for a period of up to 12 months from the date of issue) issued at settlement and up to 8 million ordinary shares (or equivalent equity instruments) in Pointerra issued at settlement but vesting over the three year continuous employment period."
US$1.0 million = AU$1.3 million
AU$1.3 million in shares at $0.75 each = 1.73 million shares
Additional 8 million ordinary shares over the three year continuous employment period.
In total that comes close to 10 million in shares. Around $AU7.5M/US$5.83M at $0.75/share.
"Airovant’s annual (unaudited) revenue has averaged US$1.4m over calendar years 2018, 2019 and 2020 and the business has been both cashflow and earnings positive during this time."
US$5.83M for a cashflow and earnings positive business that'll contribute US$1.4m to ACV.
Considering the terms, it appears the real acquisition is Airovant's founders (human capital).
