Brief: Tecnotree Concludes Asset Purchase Agreement With Cognitive Scale

Tecnotree Oyj

11/12/2022 16:18

Dec 11 (Reuters) - Tecnotree Oyj  TEM1V.HE :
    * TECNOTREE CONCLUDES ASSET PURCHASE AGREEMENT WITH
COGNITIVE
SCALE INC
    * MAINTAINS ITS GUIDANCE FOR 2022
    * EXPECTS TO SEE AN INCREASE OF ARR OF 5 MILLION USD DURING
2023
DUE TO THIS TRANSACTION
    * TECNOTREE-VALUE OF DEBTS ASSUMED BY TECNOTREE OYJ
INCLUDING COST
OF INTEREST IS VALUED AT $5.4 MILLION; TOTAL VALUE OF
TRANSACTION FOR TECNOTREE IS $6 MILLION

Source text for Eikon:  ID:nWkr1HZJxb 
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