Brief: Gratifii Says Enters Binding Agreement To Acquire 100% Stake In Hachiko

Gratifii

11/08/2022 09:26

Aug 11 (Reuters) - Gratifii Ltd  GTI.AX :
    * ACQUISITION OF HACHIKO AND CAPITAL RAISE
    * ENTERED INTO A BINDING AGREEMENT TO ACQUIRE 100% OF SHARES
IN
HACHIKO PTY LTD
    * TOTAL ACQUISITION ENTERPRISE VALUE OF A$3.03M
    * UPFRONT CASH CONSIDERATION FUNDED FROM SHARE PLACEMENT
RAISING
A$1.250M AND A CONVERTIBLE NOTE RAISE OF A$1.475M
    * CASH CONSIDERATION OF A$2.14M
    * ACQUISITION IS AT AN ATTRACTIVE ACQUISITION EV / FY22A
EBITDA
MULTIPLE OF 4.9X
    * GRATIFII IS FORECAST TO BE CASHFLOW BREAKEVEN ON
OPERATIONS
POST-COMPLETION
    * SHARE PLACEMENT TO RAISE A$1.250M AT A$0.018 PER SHARE FOR
TOTAL
ISSUE OF 69.4M NEW FULLY PAID ORDINARY SHARES

Source text for Eikon:  ID:nASX3Zl2Ft 
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