Brief: Reklaim Signs Letter Of Intent To Acquire Multimedia Lists Inc.

Reklaim

27/09/2022 12:51

Sept 27 (Reuters) - Reklaim Ltd  MYID.V :
    * REKLAIM SIGNS  LETTER OF INTENT TO ACQUIRE MULTIMEDIA
LISTS INC.
    * REKLAIM - TRANSACTION REMAINS CONDITIONAL ON A NUMBER OF
CUSTOMARY FACTORS INCLUDING ENTERING INTO A DEFINITIVE AGREEMENT
    * REKLAIM LTD - NUMBER OF CUSTOMARY FACTORS ALSO INCLUDE
FINAL
APPROVAL OF TSX VENTURE EXCHANGE & CO BEING SATISFIED WITH
INVESTIGATION OF MML
    * REKLAIM - EXPECTS TRANSACTION TERMS TO BE STRUCTURED BASED
ON
MULTIPLE OF MML'S EBITDA
    * REKLAIM- EXPECTS TRANSACTION TERMS TO INCLUDE PERFORMANCE
EARN-OUT OVER A FOUR-YEAR TERM WITH PAYMENT CONSISTING OF
COMBINATION OF CASH & STOCK

Source text for Eikon:  ID:nGNX34pZ07 
Further company coverage:  MYID.V 
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