Brief: Datametrex To Acquire Semeon Analytics Inc

Quanta AI

23/08/2019 18:15

Aug 23 (Reuters) - Datametrex AI Ltd  DM.V :
    * DATAMETREX ANNOUNCES BINDING LOI TO ACQUIRE SEMEON
ANALYTICS
INC. AN AI COMPANY FOCUSED ON VOICE OF CUSTOMER
    * TRANSACTION IS EXPECTED TO CREATE SUBSTANTIAL SYNERGIES
WITH
CO'S PORTFOLIO COMPANY NEXALOGY
    * CO WILL ACQUIRE SEMEON FOR PURCHASE PRICE OF $3 MILLION
PAYABLE
BY COMBINATION OF CASH & COMMON SHARES OF DATAMETREX
    * CO INTENDS TO FUND CASH PORTION OF PURCHASE PRICE BY
COMPLETING
A NON-BROKERED PRIVATE PLACEMENT OF DEBT OR EQUITY SECURITIES
    * IN ADDITION TO PURCHASE PRICE, SHAREHOLDERS OF SEMEON WILL
BE
ENTITLED TO RECEIVE AN EARN-OUT BONUS PAYMENT OF UP TO $1.8
MILLION

Source text for Eikon:  ID:nGNX9xGpyn 
Further company coverage:  DM.V 

 ((Reuters.Briefs@thomsonreuters.com))